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AAAs revenues for 2023 were $277,850 and the firms gross profit was 37.92% of sales. All other pre-tax operating expenses including depreciation and amortization were

AAAs revenues for 2023 were $277,850 and the firms gross profit was 37.92% of sales. All other pre-tax operating expenses including depreciation and amortization were $25,870, total interest expense was $38,917.85, and the corporate tax rate was 25%. Given the information, AAAs return on equity (ROE) is closest to

A.

18.91%.

B.

23.37%.

C.

27.91%.

D.

30.87%.

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