Accounting

Net income for 2019 was $21,000

Compute the rate of return on common stockholders' equity for 2019. (Round your final answer to two decimal places.)

A. 8.4%

B. 3.63%

C. 3.93%

D. 9.13%

The 2019 balance sheet for Standard Electronics reported the following items-with 2018 figures given for comparison: Standard Electronics Balance Sheet Standard Electronics Balance Sheet As of December 31, 2019 As of December 31, 2018 $579,000 $489,000 Total Assets 279,000 Total Liabilities 329,000 Total Stockholders' Equity (all common) 250,000 210,000 Total Liabilities and $579,000 $489,000 Stockholders' Equity