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The following data is from the last two financial statements of Big W Corporation, whose effective tax rate is 35%. 2019 2018 Balance Sheet: Total

The following data is from the last two financial statements of Big W Corporation, whose effective tax rate is 35%.

2019 2018

Balance Sheet:

Total Assets $32,000 $26,500

Common Stock 12,000 6,000

Retained Earnings 4,800 3,500

Income Statement:

Depreciation Expense 2,000

Interest Expense 3,000

Income Tax Exp 9,000

Net Income 2,000

What is Big W Corporation's return on common shareholders' equity?

A.

15.2%

B.

13.5%

C.

10.0%

D.

11.9%

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