Lesmerises Corporation's Most Recent Balance Sheet and Income Statement Appear

Multiple Choice

Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The return on common stockholders' equity for Year 2 is closest to:

A) 5.94%
B) 7.69%
C) 6.59%
D) 6.93%