The condensed balance sheet and income statement for Marjoram Company are presented below.

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Notes receivable (due August 15, 2025) Accounts receivable (net) Inventory Property, plant, and equipment (net). Intangible assets Total assets MARJORAM COMPANY Balance Sheet December 31, 2024 Current liabilities Bonds payable (10%) (long-term) Common stock Retained earnings Total liabilities and equity MARJORAM COMPANY Income Statement For the Year ended December 31, 2024 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income tax Income tax expense Net income $ 21,000 33,000 49,200 71,800 270,000 13,200 $ 458,200 $ 104,600 120,000 74,000 159,600 $ 458,200 $ 764,000 442,400 $ 321,600 171,000 $ 150,600 12,000 $ 138,600 41,580 $ 97,020

The condensed balance sheet and income statement for Marjoram Company are p Required: Compute the return on shareholders' equity ratio for Marjoram Compa Note: Round your percentage answer to nearest whole percent