The following information $($in $ millions$)$ comes from the Annual Report of Saratoga Springs Company for the year ending $12/31/2024$:

Year ended $12/31/2024$

Net sales $ $7,949$

Cost of goods sold $4,767$

Selling and administrative expense $1,909$

Interest expense $416$

Income before taxes $857$

Net income $458$

$12/31/202412/31/2023$

Cash and cash equivalents $ $975$ $ $64$

Receivables, net $1,010664$

Inventories $1,055519$

Land, buildings and equipment at cost$,$ net $13,5003,844$

Total assets $ $16,540$ $ $5,091$

Total current liabilities $ $5,747$ $ $2,209$

Long$-$term debt $5,5912,221$

Total liabilities $ $11,338$ $ $4,430$

Total stockholders' equity $ $5,202$ $ $661$

Required:

Compute the return on equity for $2024,$ for Saratoga Springs Company.

Note: Round your answer to $1$ decimal place, e$.$g$.,0\mathrm{.}1234$ as $12\mathrm{.}3\%.$