John Holt plc is a Nigerian conglomerate involved in the assembly and distribution of power generators, leasing, distribution of fire-fighting equipment, logistics, boat building and fabrication of industrial and agricultural equipment. Toluwani Oluwakemi is a financial analyst in Lagos, Nigeria. She compiled the financial information for John Holt plc as follows: John Holt Plc. Year 2012 2011 Tax Burden 0.7 0.75 Interest Burden 0.9 0.9 EBIT margin 10% 10% Asset Turnover 1.5 1.4 Leverage 2.0 2.0 Which of the following choices best describes reasonable conclusions Ms. Oluwakemi might make about return on equity (ROE)? Select one: O A. ROE in 2012 > ROE in 2011 O B. ROE in 2011 > ROE in 2012 O C. ROE in 2011 = ROE in 2012