Selected data from the financial statements of KRI Manufacturing are presented below. Calculate the return on equity for the year, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00% Sales $104,666 Gross profits $54.969 Operating profits (EBIT) $26.084 Earnings before taxes (EBT) $26,626 Net profits $15,027 Tax expense 8.720 Depreciation expense $11.954 Total assets, beginning of year 599,130 Total assets, end of year $101.907 Total equity, beginning of year $57,820 Total equity, end of year $61,580 Cash flow from operations $21.935