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Comparative balance sheets for Softech Canvas Goods for 2021 and 2020 are shown below.
Softech pays no dividends and instead reinvests all earnings for future growth. Required: 1.
Determine the return on shareholders' equity for 2021. (Round your answer to 2 decimal places.)

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  • 1. Comparative balance sheets for Softech Canvas Goods for 2021 and 2020 are shown below. Softech pays no dividends and instead reinvests all earnings for future growth. Required: 1. Determine the return on shareholders' equity for 2021. (Round your answer to 2 decimal places.)