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Consider the following:Year 3 Year 2 Year 1 Total assets$ 9 0 , 0 0 0 $ 9 8 , 0 0 0 $ 4

Consider the following:Year 3Year 2Year 1Total assets$90,000$98,000$48,000Total liabilities$30,000$40,000$5,000Total equity$60,000$58,000$53,000Net sales$96,000$80,1,000$40,000Operating income$32,000$25,000$10,000Net income$30,000$21,000$8,000Use the information above. What was the return on equity (ROE) for Year 3?Select one:O a.50.0%O b.54.2% c.57.7% d.54.05%

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