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- Pizza Store reported total assets at December 31 totaling $291,000. The following selected amounts were taken from its financial statements for its year ending
- Pizza Store reported total assets at December 31 totaling $291,000. The following selected amounts were taken from its financial statements for its year ending December 31:
Retained earnings | $56,000 | Sales | $340,000 |
Accounts receivable | 7,000 | Common stock | 150,000 |
Inventory | 21,000 | Net income | 35,000 |
Notes payable | 16,000 | Dividends paid | 12,000 |
How much (roughly - which of the below is closest) is the companys return on equity as of December 31?
A. 10.35%
B. 16.99%
C. 62.57%
D. 29.26%
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