MGM reports total revenue of $375,650, cost of goods sold of $267,400 and net income of $48,325. Their total assets are $784,325 and total liabilities are $387,775. What is their return on equity (ROE)?

a.

21.38%

b.

33.72%

c.

6.16%

d.

12.19%

e.

18.5%