The following information pertains to Jasmine Corporation. Assume that all balance sheet amounts represent both average and ending figures. Current assets $30,000 Tangible assets 270,000 Total assets 300,000 Current liabilities $ 60,000 Long-term liabilities 90,000 Stockholders' equity 150,000 Total liabilities and stockholders' equity $300,000 Jasmin Corporation Income Statement For the Year Ended December 31, 2019 Net sales $80,000 Cost of goods sold 45,000 Gross margin $35,000 Operating expenses 15,000 Income before income taxes $20,000 Income taxes expense 5,000 Net income $15,000 Jasmin Corporation had 6,000 shares of common stock issued and outstanding. The market price of Jasmin common stock on December 31, 2019, was $20. Jasmin paid dividends of $0.90 per share during 2019. a. What is the return on equity for this corporation? Round your answer to 1 decimal place. 5.0 percent b. 10.0 percent C. 23.3 percent d. 53.3 percent