Matthews Company

Presented below is selected financial information for Matthews Corporation for the most recent fiscal year ended December 31 ($ millions)

Current assets:			Current liabilities:
Cash and cash equivalents	$2,472		Accounts payable	$5,010
Shortterm investment	1,456		Other current liabilities	2,717
Receivables, net	1,270		Total current liabilities	7,727
Merchandise inventories	5,134		Noncurrent liabilities	2,469
Other current assets	1,367		Shareholders' Equity	4,970
Total current assets	11,699		Total liabilities and shareholders' equity	$15,166
Noncurrent assets	3,467
Total assets	$15,166

Revenues	$40,339
Costs and Expenses	38,889
Operating Income	$1,450
Other income/expense (including interest expense of $90)	(63)
Income before income tax	$1,387
Income tax expense	(131)
Net income	$1,256

Previous Year's Financial Data
Total Assets	$14,013
Shareholders' Equity	3,909

The return on equity for Matthews Corporation is ________. (Round your answer to two decimal places, X.XX.)

A.

32.13%

B.

28.29%

C.

25.27%

D.

35.48%