The following information pertains to Sheffield Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets

Cash and short-term investments $ 49000

Accounts receivable (net) 22000

Inventory 20000

Property, plant and equipment (net) 350000

Total Assets

$441000

Liabilities and Stockholders Equity

Current liabilities $ 59000

Long-term liabilities 67000

Stockholders equitycommon 315000

Total Liabilities and Stockholders Equity

$441000

Income Statement

Sales (net) $ 150000

Cost of goods sold 67000

Gross profit 83000

Operating expenses 20000

Net income

$ 63000

Number of shares of common stock 5000

Market price of common stock $20

Dividends per share 0.40

What is the return on common stockholders equity for Sheffield?

14%

39%

11%

20%