Use the Following Information to Complete Questions
Jalisco Ltd -The Company's Return on Shareholders' Equity for 2011 Was:
A)11

Use the following information to complete questions
Jalisco Ltd.is a public company trading on the Toronto Stock Exchange.The company's shares are currently trading for $16.00 per share.Jalisco just released the following information related to its 2011 year-end: $$\begin{array} { l r r } &2011&2010\\\text { Total assets } & \$ 14,500,000 & 13,250,000 \\\text { Total liabilities } & 7,500,000 & 6,750,000 \\\text { Net income } & 762,500 & 555,000 \\\text { Preferred share dividends } & 65,000 & 65,000 \\\text { Average number of common shares outstanding } & 100,000 & 100,000\end{array}$$
-The company's return on shareholders' equity for 2011 was:

A) 11.29%
B) 10.89%
C) 10.33%
D) Cannot be calculated with the information provided