Question: Comparative balance sheets for Softech Canvas Goods for 2024 and 2023 are shown below. Softech pays no dividends and instead reinvests all earnings for

Comparative balance sheets for Softech Canvas Goods for 2024 and 2023 are shown below. Softech pays no dividends and instead reinvests all earnings for future growth. Comparative Balance Sheets ($ in thousands) Assets: Cash Accounts receivable Short-term investments Inventory Property, plant, and equipment (net) Liabilities and Shareholders' Equity: Current liabilities Bonds payable Paid-in capital Retained earnings December 31 2024 2023 $ 50 $ 40 100 120 50 40 200 140 600 550 $ 890 $ 240 $ 210 1601 160 400 400 200 120 $ 1,000 $ 890 $ 1,000 Required: 1. Determine the return on shareholders' equity for 2024. 2. What does the ratio measure?

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