Table 13-10
Samson Ltd Dividends on the Preferred Share Have Not Been Declared for 2016

Table 13-10
Samson Ltd. reported the figures shown below for 2016 and 2017:
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 6 } & { \mathbf { 2 0 1 7 } } \\\hline \text { Income statement: } & & \\\hline \text { Interest expense } & \$ 13,000 & \$ 14,000 \\\hline \text { Net income } & 176,000 & 182,000 \\\hline \text { Balance sheet: } & 897,000 & 952,000 \\\hline \text { Total assets } & & \\\hline \begin{array} { l } \text { Preferred shares, } \$ 2.00 , \text { cumulative, } \$ 80 \text { liquidation value, } \\1,500 \text { shares outstanding }\end{array} & 112,500 & 112,500 \\\hline \text { Common shares, } 25,000 \text { outstanding } & 488,000 & 524,000 \\\hline \text { Retained earnings } & 65,000 & 85,000 \\\hline\end{array}$$ Dividends on the preferred share have not been declared for 2016 and 2017.
-Referring to Table 13-10,what is the rate of return on common shareholders' equity for 2017?

A) 15.4%
B) 30.8%
C) 26.2%
D) 17.7%