The condensed balance sheet and income statement for Marjoram Company are presented below. MARJOLAM COMPANY Balance Sheet At December 11, 2021 Cash 24,000 Notes receivable (due August 15, 2022) 39.90 Accounts receivable (net) 50,400 Merchandise inventory 73,600 Property, plant, and equipment (net) 300,000 Intangible assets 14,400 Total assets $501,400 Current liabilities $105,800 Bonds payable(10%) (long-term) 150,000 Common stock 80,000 Retained earnings 165,600 Total liabilities and equity $501,400 MARJORAM COMPANY Income Statement For the Year ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income tax Income tax expense Net income $854,000 472,400 $381,600 178, 200 $203,400 15,000 $188,400 56,520 $131,880 Currentes Bonds payable(10%) (long-term) Common stock Retained earnings Total liabilities and equity 150,000 30.NO 165,600 $501,400 HORMOWANY Inco Statement For the Year Ended December 11, 2001 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income tax Income tax expense Net income 3.854,00 472,400 $381,600 178,269 $203,400 15,000 $180, 400 56,520 $131,080 Required: Compute the return on shareholders' equity ratio for Marjoram Company (Round your percentage answer to nearest whole pe Retum on shareholdere oguty %