Georgia Technology Innovations $($GTI$)$ has a return on equity of $9\mathrm{.}54\%.$ This can be interpreted as indicating:

$$

a$.$ GTI is returning $9\mathrm{.}54\%$ of earnings to owners.

b$.$ GTI is earnings $9\mathrm{.}54\%$ on the company$$s assets.$$

$*$ c$.$ GTI is earning $9\mathrm{.}54$ cents on every dollar of owners$$ investment.

d$.$ GTI is earning $9\mathrm{.}54$ cents on the earnings retained in the company.

e$.$ None of the above.