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  3. profit for sandos inc., was $ 10,000 in 2021. shar

Profit for Sandos Inc., was $ 10,000 in 2021. Shareholders equity was $ 100,000 at...

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Question

Accounting

Profit for Sandos Inc., was $ 10,000 in 2021. Shareholders equity was $ 100,000 at

December 31 2019, $ 200,000 at December 31, 2020, and $ 300,000 at December 31,

2021. Return on equity for 2021 is:

a) 5%.

b) 4%.

c) 3.3%.

d) 10%.

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