Calculator The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit Assets Cash and short-term investments $40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 280,000 Total Assets $375,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings $60,000 95,000 120,000 100,000 Total liabilities and stockholders' equity $375,000 Income Statement Sales $90,000 45,000 Cost of goods sold Gross margin $45,000 15,000 Operating expenses Net Income $30,000 Previous All work saved Save and Exit Submit Assis Current liabilities Long-term liabilities Common stock, $20 par II 95,000 120,000 100,000 Retained earnings $375,000 Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold $90,000 45,000 $45,000 15,000 $30,000 Gross margin Operating expenses Net income Number of shares of common stock 6,000 $20 Market price of common stock $1.00 Dividends per share Cash provided by operations $40,000 What is the return on stockholders' equity? a. 20.5% b. 40.9% c. 13.6% d. 7.3%