The records of Everyday Electronics Corporation for a particular period include the following: $\begin{array}{lr}
\text { Average total assets } & \$ 760,000 \
\text { Average total liabilities } & 485,000 \
\text { Total revenue } & 200,500 \
\text { Total expenses (including income tax) } & 135,000
\end{array}$ The return on equity ratio is closest to:
A) 13.2%
B) 23.8%
C)24.0%
D)8.4%

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The Answer of The records of Everyday Electronics Corporation for a particular period include the following: $\begin{array}{lr}
\text { Average total assets } & \$ 760,000 \
\text { Average total liabilities } & 485,000 \
\text { Total revenue } & 200,500 \
\text { Total expenses (including income tax) } & 135,000
\end{array}$ The return on equity ratio is closest to:
A) 13.2%
B) 23.8%
C)24.0%
D)8.4%

The Records of Everyday Electronics Corporation for a Particular Period