The following data was taken from the accounting records of Orca Co.: 2021 2020 $950,000 $850,000 Total assets Total liabilities 250,000 375,000 240,000 375,000 Common shares 325,000 235,000 Retained earnings Net income 160,000 200,000 The return on equity formula is: Net income Average shareholders' equity Required: Compute the return on equity for 2021. Select one: O a. 49.2% Ob. 22.9 OC. 24.4% d. 42.6%