Question: Jamming Luxury Lodging Properties has obtained the financial data below: Balance Sheet Item 2009 2010 Total Assets $4,140,000 $5,000,000 Total Owner's Equity $2,550,000 $2,920,000 Net

Jamming Luxury Lodging Properties has obtained the financial data below:

Balance Sheet Item

2009

2010

Total Assets

$4,140,000

$5,000,000

Total Owner's Equity

$2,550,000

$2,920,000

Net Income

$1,900,000

$2,050,000

Based on the financial information given, calculate ROE for Jamming Luxury Lodging Properties in 2010.

Group of answer choices

80.54%

71.19%

74.96%

81.66%

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