The Following Financial Statement Information Is Available for Howard Corporation

The following financial statement information is available for Howard Corporation: $\begin{array}{lrr}&2014&2013\\\text { Shareholders' equity-ordinary } & \$ 330,000 & \$ 270,000 \\\text { Net sales } & 784,000 & 697,000 \\\text { Cost of goods sold } & 406,000 & 377,000 \\\text { Net income } & 115,000 & 80,000 \\\text { Tax expense } & 50,000 & 29,000 \\\text { Interest expense } & 15,000 & 14,000\\\text { Dividends paid to preference }\\\text { shareholders }& 22,000 & 20,000 \\\text { Dividends paid to ordinary } & & \\\text { shareholders } & 15,000 & 10,000\end{array}$ The return on ordinary shareholders' equity for 2014 is

A) 26.0%.
B) 38.3%.
C) 33.3%.
D) 31.0%.