Adobe Corporation had net income of $120,000 in 20x4 and $164,000 in 20x5. Total stockholders' equity at the end of 20x4 was $760,000 and total stockholders' equity at the end of 20x5 was $820,000. Adobe's total assets at the end of 20x4 were $1,320,000 and its total assets at the end of 20x5 were $1,410,000. Based on this information, what is Adobe's return on equity for 20x5?
A) 20.76%
B) 17.97%
C) 20.00%
D) 12.01%
A
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