Pharoah Imports reported net income of NT$295,450, declared dividends on ordinary shares of NT$48,000, and had an ending balance in retained earnings of NT$357,000. Ordinary shareholders' equity was NT$655,000 at the beginning of the year and NT$900,000 at the end of the year. Compute the return on ordinary shareholders' equity. (Round answer to 0 decimal place, e.g. 52.) Return on ordinary shareholders' equity is 14 %