Table 13-5
the Following Information Is Available for Jansen Corporation

Table 13-5
The following information is available for Jansen Corporation for the current year:
$\begin{array}{|l|r|}\hline \text { Net income } & \$ 156,000 \\\hline \text { Preferred dividends } & 24,000 \\\hline \text { Interest expense } & 17,500 \\\hline \text { Beginning of year: } &\\\hline\text { Total assets } & 850,000 \\\hline \text { Total liabilities } & 375,000 \\\hline \text { Total common shareholders' equity } & 395,000\\\hline\text { End of year: }\\\hline \text { Total assets } & 930,000 \\\hline \text { Total liabilities } & 405,000 \\\hline \text { Total common shareholders' equity } & 435,000\\\hline \end{array}$
-Refer to Table 13-5.The return on equity for Jansen Corporation was:

A) 30.3%
B) 31.8%
C) 35.9%
D) 37.6%