Question: Please provide the solution to this accounting question with accurate financial calculations. Crystal Springs Co. reports the following information for 2023: | Amount $540 Description

Please provide the solution to this accounting question with accurate financial calculations.

Crystal Springs Co. reports the following information for 2023: | Amount $540 Description $5,400 Net income The total equity for 2022 was $5,200. What is the return on equity ratio for 2023? a. 10.19% b. 10.50% c. 11.11% d. 9.90%

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