Question 15 Case Scenario #2: Bud has agreed to show Shawna his financial statements for the last five years of the business (see the table below) Buds Caf 2015 2016 2017 2018 2019 Revenue $95,000 $120,000 $105,000 $100,000 $95,000 Operating Costs Labour $30,000 Food Costs $28,500 Rent $12,000 Total Operating Costs $70,500 $35,000 $36,000 $12,000 $32,000 $31,500 $12,000 $35,000 $35,000 $30,000 $28,500 $12,000 $12,000 $83,000 $75,500 $77,000 $75,500 Net Profit $24,500 $37,000 $29,500 $23,000 $19,500 Total Equity $50,000 $65,000 $75,000 $80,000 $90,000 Question The % Return on Equity for this business for the years 2015 through 2019 has been (you will need to calculate these numbers to answer this question): O a The % Return on Equity is a meaningless formula in evaluating the financial performance of a business. Ob Generally declining, and that is a good sign for the business O c Generally declining, and that is a potential warning for the business Od Generally growing, and that is a good sign for the business. Generally flat, and that is a good sign for the business. Moving to another WASIRAOSA BI Search o