Cash $ $20,000$ $ $20,000$ Accounts receivable $78,00072,000$ Merchandise inventory $103,00099,000$ Total current assets $ $201,000$ $ $191,000$ Land $50,00040,000$ Plant and equipment $125,000110,000$ Less: Accumulated depreciation $(65,000)(60,000)$ Total assets $ $311,000$ $ $281,000$ Liabilities Short$-$term debt $ $18,000$ $ $17,000$ Accounts payable $64,40075,500$ Other accrued liabilities $20,00018,000$ Total current liabilities $ $102,400$ $ $110,500$ Long$-$term debt $22,00030,000$ Total liabilities $ $124,400$ $ $140,500$ Stockholders$$ Equity Common stock, no par, $100,000$ shares authorized $40,000$ and $25,000$ shares issued, respectively $ $74,000$ $ $59,000$ Retained earnings: Beginning balance $ $81,500$ $ $85,000$ Net income for the year $51,1001,500$ Dividends for the year $(20,000)(5,000)$ Ending balance $ $112,600$ $ $81,500$ Total stockholders$$ equity $ $186,600$ $ $140,500$ Total liabilities and stockholders$$ equity $ $311,000$ $ $281,000$ Required: Calculate ROI for $2023.$ Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places. Calculate ROE for $2023.$