Return on Stockholders' Equity
Rogers Inc. had 500,000 shares of $3 par common stock outstanding at the end of both 2013 and 2014. Retained earnings at the end of 2013 amounted to $2,700,000. No dividends were paid during 2014, and net income for the year was $590,000.
Determine Rogers' return on stockholders' equity for 2014. Round your answer to two decimal places.