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Falls Church Corporation ended Year Four with revenues of $98,000 and expenses of $86,000. The...

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Accounting

Falls Church Corporation ended Year Four with revenues of $98,000 and expenses of $86,000. The company distributed a cash dividend of $8,000 during the year. No stock transactions occurred. On the year-end balance sheet, the stockholders equity accounts total $492,000. Which of the following is Falls Churchs return on equity (ROE) for the year?

a) 2.45%

b) 6.73%

c) 9.18%

d) 9.75%

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