Profitability Ratios Bell Corporation operates in the highly competitive consulting industry. Bell's balance sheet indicates the following balances as of December 31, 202 Cash Accounts receivable $120,000 113,000 Inventory 77,000 Property, plant, and equipment 525,000 Accounts payable 86,000 Bonds payable (due in 2025) 140,000 Common stock (12/31/2022) 270,000 Common stock (12/31/2023) 280,000 Retained earnings (12/31/2022) Retained earnings (12/31/2023) 205,000 245,000 V Calculate Bell's return on equity if Bell's 2023 net income is $115,000. Required: %