Cielo Corporation Had Net Income of $740,000 in 20x4 and $830,000

Multiple Choice

Cielo Corporation had net income of $740,000 in 20x4 and $830,000 in 20x5.Total stockholders' equity at the end of 20x4 was $1,250,000 and total stockholders' equity at the end of 20x5 was $1,500,000.Cielo's total assets at the end of 20x4 were $2,210,000 and its total assets at the end of 20x5 were $2,860,000.Based on this information,what is Cielo's return on equity for 20x5?

A) 32.74%
B) 55.33%
C) 57.09%
D) 60.36%