The Following Information Was Taken from the Financial Statements of Collin's

Multiple Choice

The following information was taken from the financial statements of Collin's Inn: Total current assets
$162,000
Average owner's equity
148,000
Beginning inventory
32,000
Ending inventory
36,000
Cost of goods sold
165,000
Net income
37,000
​
The return on owner's equity for Collin's Inn is

A) 25%.
B) 27%.
C) 80%.
D) 129%.