Holland Corporation's Annual Report Is as Follows Based on the Information Provided,find the Rate of Return on l

Multiple Choice

Holland Corporation's annual report is as follows. $$\begin{array} { | l | r | r | } \hline & \text { March 31,2017 } & \text { March 31, } 2018 \\\hline \text { Net Income } & \$ 350,000 & \$ 441,500 \\\hline \text { Preferred Dividends } & 0 & 0 \\\hline \text { Total Stockholders' Equity } & \$ 4,380,000 & \$ 5,092,000 \\\hline \text { Stockholders' Equity attributable to Preferred } & \\\text { Stock } &0 & 0\\\hline \text { Number of Common Shares Outstanding } & 284,000 & 195,000 \\\hline\end{array}$$ Based on the information provided,find the rate of return on common stockholders' equity on March 31,2018.(Round your final answer two decimal places.)

A) 8.36%
B) 9.32%
C) 8.67%
D) 7.99%