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Shown below is selected Information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement

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Shown below is selected Information from the financial statements of Supreme Company Dollar amounts are in millions (except for the per share data). Income statement information: Net sales $ 1, 330 Cost of goods sold $ 545 Operating expenses $ 465 Net income $ 440 Balance sheet information: Average total equity $ 2,900 Average total assets $ 4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $93 per share. Supreme's return on equity was: Multiple Choice 7103% O 2707%. O

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