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text Sales for the year = $324,882, Net Income for the year = $36,610, Income from equity investments = $8,603, and average Equity during the
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Sales for the year = $324,882, Net Income for the year = $36,610, Income from equity investments = $8,603, and average Equity during the year = $123,650.
Return on equity (ROE) for the year is:
Select one:
A. 29.6%
B. 11.3%
C. 22.7%
D. 127.6%
E. There is not enough information to answer the question.
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