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: Sales (all credit) Cost of Goods Sold $255,000 (153,000) Cash Accounts Receivable Inventories Land Other Fixed Assets $9,000 21,000 19,500 44,000 70,000 Operating Expenses (45,000) Depreciation (3,000) Interest Expense (9,000) Liabilities & Owners' Equity Accounts Payable Long Term Debt Common Stock Paid in Capital Retained Earnings Taxes (15,300) 12,000 53,400 2,000 80,000 16.100 36.2% 45.1% 30.3% 30.9% 18.2%