Question: What is the return on shareholder's equity? Comparative balance sheets for Softech Canvas Goods for 2016 and 2015 are shown below. Softech pays no dividends,

What is the return on shareholder's equity? Comparative balance sheets for

What is the return on shareholder's equity?

Comparative balance sheets for Softech Canvas Goods for 2016 and 2015 are shown below. Softech pays no dividends, and instead reinvests all earnings for future growth. Determine the return on shareholders' equity for 2016 (Round your answer to 2 decimal places.)

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