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The 2019 balance sheet for Standard Electronics reported the following items -with 2018 figures given for comparison: Standard Electronics Balance Sheet As of December 31,

The 2019 balance sheet for Standard Electronics reported the following items -with 2018 figures given for comparison:

Standard Electronics

Balance Sheet

As of December 31, 2019

Standard Electronics

Balance Sheet

As of December 31, 2018

Total Assets

$571,000

$494,000

Total Liabilities

$329,000

$285,000

Total Stockholders'

Equity (all common)

$242,000

$209,000

Total Liabilities and

Stockholders' Equity

$571,000

$494,000

Net income for 2019 was $16,000. Compute the rate of return on common stockholders' equity for 2019. (Round your final answer to two decimal places.)

A.7.1%

B. 82.8%

C.33%

D.6.61%

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