Use the following information to compute return on shareholders' equity for 2021. Round your answer to 2 decimal places.

	2021		2020
Accounts receivable	$	74,000			$	53,000
Merchandise inventory		45,000				69,000
Net sales		317,500				311,000
Cost of goods sold		148,000				125,000
Total assets		459,000				422,000
Total shareholders' equity		274,000				242,000
Net income		58,000				45,000

Group of answer choices

18.60%.

21.17%.

17.44%.

22.48%.

Use the following information to compute return on asset for 2021. Round your answer to 2 decimal places.

	2021		2020
Accounts receivable	$	66,000			$	49,000
Merchandise inventory		41,000				61,000
Net sales		345,000				330,000
Cost of goods sold		140,000				121,000
Total assets		451,000				418,000
Total shareholders' equity		266,000				238,000
Net income		52,000				41,000

Group of answer choices

11.53%.

12.44%.

9.81%.

11.97%.