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%.
a
Business
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