Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate Return on Common Equity.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

Balance Sheet December 31, 2014

Cash and marketable securities   $132,000   Accounts payable    $399,000

Accounts receivable   $311,000   Notes payable   $98,500

Inventories   $512,000   Accrued expenses   $89,300

Prepaid expenses   $11,300   Total current liabilities   $586,800

Total current assets   $966,300   Long-term debt   $799,400

Gross fixed assets   $2,104,000   Par value and paid-in-capital   $298,000

Less: accumulated depreciation   $398,000   Retained Earnings   $988,100

Net fixed assets    $1,706,000   Common Equity   1,286,100

Total assets   $2,672,300   Total liabilities and owner’s equity   $2,672,300

Income Statement, Year of 2014

Net sales (all credit)   $4,276,600.00

Less: Cost of goods sold   $3,292,982.00

Selling and administrative expenses   $349,000.00

Depreciation expense   $148,000.00

EBIT   $486,618.00

Interest expense   $49,600.00

Earnings before taxes   $437,018.00

Income taxes   $174,807.20

Net income    $262,210.80