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Jamming Luxury Lodging Properties has obtained the financial data below: Balance Sheet Item 2009 2010 Total Assets $4,140,000 $5,000,000 Total Owner's Equity $2,550,000 $2,920,000 Net
Jamming Luxury Lodging Properties has obtained the financial data below:
Balance Sheet Item
2009
2010
Total Assets
$4,140,000
$5,000,000
Total Owner's Equity
$2,550,000
$2,920,000
Net Income
$1,900,000
$2,050,000
Based on the financial information given, calculate ROE for Jamming Luxury Lodging Properties in 2010.
Group of answer choices
80.54%
71.19%
74.96%
81.66%
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