Question: Condensed Consolidated Balance Sheets - USD ($) $ in Thousands Dec. 31, 2017 Current assets: Cash and cash equivalents $ 16,020 Accounts and vendor receivables,

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands Dec. 31, 2017
Current assets:
Cash and cash equivalents $ 16,020
Accounts and vendor receivables, net of allowance for doubtful accounts of $769 and $289 4,081
Accounts receivable, related parties, net of allowance for doubtful accounts of $28 and $28 543
Inventories, net 2,841
Other current assets 12,588
Total current assets 36,073
Property and equipment, net 38,164
Goodwill 161,140
Brand 290,500
Franchise rights, net 20,284
Favorable leases, net 429
Other noncurrent assets 4,292
Total assets 550,882
Current liabilities:
Accounts payable 12,130
Accrued expenses 24,922
Current maturities of capital lease obligations 8,472
Other current liabilities 4,047
Total current liabilities 49,571
Long-term debt, less current maturities and deferred debt issuance costs, net 97,842
Deferred income taxes 64,430
Capital lease obligations, less current maturities 18,619
Noncurrent closed store obligation 11,316
Other noncurrent liabilities 17,504
Total liabilities 259,282
Commitments and contingencies (notes 3, 13 and 15)
Stockholders' equity:
Preferred stock, $0.01 par value; 25,000 shares authorized and no shares issued and outstanding as of and December 31, 2017
Common stock, $0.01 par value; 150,000 shares authorized, 37,883 shares issued and 37,473 shares outstanding as of September 30, 2018 and 37,069 shares issued and 36,899 shares outstanding as of December 31, 2017 379
Treasury stock, 410 and 170 shares at cost as of September 30, 2018 and December 31, 2017, respectively (4,859)
Additional paid-in capital 136,830
Retained earnings 158,625
Accumulated other comprehensive income 625
Total stockholders' equity 291,600
Total liabilities and stockholders' equity $ 550,882

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands
Dec. 31, 2017 [1]
Revenues:
Total revenues $ 136,042
Restaurant operating expenses:
Cost of Goods Sold 114,841
Operating income before other operating expenses 21,201
Other operating expenses:
General and administrative 9,814
Depreciation and amortization 747
Impairment 126
Restaurant closures and refranchising costs and related asset write-downs
Loss (gain) on disposal of property and equipment and other (135)
Total other operating expenses 10,552
Operating (loss) income 10,649
Amortization of deferred debt issuance costs (147)
Interest income 2
Interest expense (1,495)
(Loss) income before income taxes 9,009
Income tax benefit (expense) (2,120)
Net (loss) income 6,889

Calculate the firms return on equity (ROE)

[Enter answer as a decimal]

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