The year-end financial statements of Time Company reveal average shareholders equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the company of $29,068 thousand, and average net operating assets of $354,414 thousand. The companys return on equity (ROE) for the year is:

Select one:

a. 8.2%

b. 13.6%

c. There is not enough information to calculate the ratio.

d. 3.5%

e. 5.7%