the balance sheet at the end of each of the first two years of operations indicate the following

2012. 2011 total current assets. 600000. 560000 total investments. 60000. 40000 property plant & equip. 900000. 700000 total current liab. 125000. 65000 long term liab. 350000. 250000 pref. 9% stock 100 par. 100000. 100000 common stock $ 10 par. 600000. 600000 paid in capital in excess of par common stock 75000. 75000 retained earnings. 310000. 210000

If net income is 115000 and interest expense is 30000 for 2012 what is the rate earned on stockholders equity for 2012 round percent to one decimal point