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Balance sheets for Johannesson&Johannesson for 2021 and 2020 are presented below. Johannesson&Johannesson reinvests all earnings for...

Balance sheets for Johannesson&Johannesson for 2021 and 2020 are presented below. Johannesson&Johannesson reinvests all earnings for future growth (and hence pays no dividends).

Balance Sheets
($ in thousands)
December 31
2021 2020
Assets:
Cash $ 65 $ 50
Accounts receivable 125 145
Short-term investments 60 50
Inventory 250 170
Property, plant, and equipment (net) 700 625
$ 1,200 $ 1,040
Liabilities and Shareholders’ Equity:
Current liabilities $ 290 $ 235
Bonds payable 185 185
Paid-in capital 475 475
Retained earnings 250 145
$ 1,200 $ 1,040


Your task:
1. Please calculate the return on shareholders’ equity for 2021. (Round your answer to 2 decimal places.)

return on shareholder' equity ____ %

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