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7 yet answered rked out of 1.00 Flag question estion Consider the following Year 3 Year 2 Year 1 Total assets $90,000 $98,000 $48,000 otal

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7 yet answered rked out of 1.00 Flag question estion Consider the following Year 3 Year 2 Year 1 Total assets $90,000 $98,000 $48,000 otal liabilities $30,000 $40,000 $5,000 otal equity Net sales$96,000 $80,000 $40,000 Operating income |$32,000 |$25,000 |$10,000 et noe30000 $21,000 $58,00 rotal equiy 60,000 558,000 553,000 et income Use the information above. What was the return on equity (ROE) for Year 3? Select one /- a. 54.2% /A b. 54.05% / C. 57.7% d. 50.0%

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