Sheridan Corporation's suite of software products and services provides secure and scalable solutions for global companies. The

following is an extract from the company's $2024$ and $2023$ comparative income statements and statement of financial position. The

market price of Sheridan's common shares was $$40\mathrm{.}21$ and $$38\mathrm{.}40$ on June $30,2024,$ and June $30,2023,$ respectively. Sheridan

declared dividends per common share of $$0\mathrm{.}473$ and $$0\mathrm{.}412$ for $2024$ and $2023,$ respectively.

SHERIDAN CORPORATION

Years Ended June $30,2024$ and $2023$

$($a$1)$

Y Your answer is incorrect.

Calculate the return on shareholders' equity for Sheridan in $2024.$ Note that Sheridan's articles of incorporation authorize only

common shares. The average return for the shares listed on the Toronto Stock Exchange in a comparable period was $19\mathrm{.}8\%.$

$($Round answer to $1$ decimal place, e$.$g$.15\mathrm{.}2\%.)$

Return on shareholder's equity

$\%$