Rio Imports Information from the financial statements are provided below:

	2020	2019
Current Liabilities	$460,000	$320,000
Long-Term Liabilities	240,000	640,000
Stockholders' Equity	840,000	1,080,000
Net Cash Flows from Operating Activities	160,000	102,000
Interest and Principal Payments	24,000	16,000
Net Sales	950,000	900,000
Net Income	180,000	144,000
Interest Expense	17,000	23,000
Income Taxes	32,000	29,000
Dividends Paid to Common Stockholders	30,000	60,000

Refer to Rio Imports. Return on equity for 2020 is

	a.	23.85%.
	b.	27.26%.
	c.	18.75%.
	d.	21.43%.