Use the following balance sheet and income statement to calculate the firm's return on equity (net income / common equity): Balance Sheet Income Statement Assets: Cash $9,000 Sales (all credit) $255,000 Accounts Receivable 21,000 Cost of Goods Sold (153,000) Inventories 19,500 Land 44,000 Operating Expenses (45,000) Other Fixed Assets 70,000 Depreciation (3,000) Liabilities & Owners' Equity Interest Expense (9,000) Accounts Payable 12,000 Long Term Debt 53,400 Taxes (15,300) Common Stock 2,000 Paid in Capital 80,000 Retained Earnings 16,100