Teague Industries Presented Below Is Selected Financial Data for Teague

Multiple Choice

Teague Industries Presented below is selected financial data for Teague Industries for the current year:
$\begin{array}{|c|c|c|c|}\hline \text { Current assets: } & & \text { Current liabilities } & \\\hline \text { Cash and cash equivalents } & \$ 3,513 & \text { Accounts payable } & \$ 5,335 \\\hline \text { Short-term investments } & 1,565 & \text { Other current liabilities } & 2,892 \\\hline \text { Receivables, net } & 1,811 & \text { Total current liabilities } & 8,227 \\\hline \text { Merchandise inventories } & 6,265 & \text { Noncurrent liabilities } & 5,176 \\\hline \text { Other current assets } & 1,915 & \text { Shareholders' Equity } & 6,230 \\\hline \text { Total current assets } & 15,069 & \begin{array}{l}\text { Total liabilities and } \\\text { shareholders' } \\\text { equity }\end{array} & \$ 19,633 \\\hline \text { Noncurrent assets } & 4,564 & & \\\hline \text { Total assets } & \$ 19,633 & & \\\hline \text { Revenues } & \$ 50,826 & & \\\hline \text { Costs and Expenses } & 45,963 & & \\\hline \text { Operating Income } & 4,863 & & \\\hline \begin{array}{l}\text { Other income/expense (including } \\\text { interest expense of } \$ 60 \text { ) }\end{array} & (36) & & \\\hline \text { Income before income tax } & 4,827 & & \\\hline \text { Income tax expense } & (1,459) & & \\\hline \text { Net income } & \$ 3,368 & & \\\hline\end{array}$

Previous Years' Financial Data
$$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 17,420 \\\hline \text { Shareholders' Equity } & 4,020 \\\hline\end{array}$$
The return on equity for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)

A) 83.78%
B) 54.06%
C) 94.19%
D) 65.72%