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The following data was taken from the accounting records of Splish Brothers Corporation: 2024 2023 Total assets $954000 $853000 Total liabilities 262000 248000 Preferred shares

The following data was taken from the accounting records of Splish Brothers Corporation: 2024 2023 Total assets $954000 $853000 Total liabilities 262000 248000 Preferred shares 94500 94500 Common shares 307000 307000 Retained earnings 290500 203500 Additional data: Net income 166000 Interest expense 37900 Sales revenue 998000 The return on equity for 2024 is

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