It is December 2020 and you are examining the financial statements of Titan Industries (see below). You know that the company has 10 million shares outstanding and a current share price of $18. You also know that all of its cash is excess cash and that it has a marginal tax rate of 30%. What is the return on equity (ROE) of Titan Industries for 2020? Select the best answer. 2020 $10.00 Assets Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Balance Sheet (in S-millions) 2020 Liabilities $10.00 Accounts Payable $30.00 Short-Term Debt $15.00 Current Maturities of Long-Term Debt $4.00 Other Current Liabilities $59.00 Total Current Liabilities $5.00 $15.00 $9.00 $39.00 Property, Plant & Equipment $150.00 Long-Term Debt Less Accumulated Depreciation ($40.00) Capital Lease Obligations Net Property, Plant & Equipment $110.00 Total Debt $50.00 $0.00 $50.00 Goodwill & Intangible Assets Other Long-Term Assets $18.00 Deferred Taxes $23.00 Other Long-Term Liabilities ($12.00) $22.00 Total Liabilities $99.00 $ Shareholders' Equity $111.00 $210.00 Total Liabilities and Shareholders' Equity $210.00 $ Total Assets Income Statement for 2020 (in $-millions) Revenues $250.00 Cost of Goods Sold ($ 200.00) Gross Profit $50.00 SG&A Expenses Research and Development Depreciation & Amortization Operating Income ($7.00) $0.00 ($15.00) $28.00 Other income EBIT $3.00 $31.00 Interest Expense Pretax Income ($3.15) $27.85 Income Tax Net Income ($8.36) $19.50 OL 10.33% O II. 11.99% O III. 10.85% O IV.9.28% O V. 17.56%