The most recent financial statements for Minnie's Manufacturing Co. are shown below Balance Sheet Income Statement Current Sales $90,600 assets Fixed assets Costs 65,850 $ 31,500 Debt $41,400 92,900 Equity 83,000 Taxable income $ 24,750 Total $124,400 Total $124,400 Tax (25%) 6,188 Net Income $ 18,563 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible What is the ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE 0.23%