[Solved] Use the following data to answer questions . From the year-end financial statements of Fraggle Rock Ltd: \[\begin{array} { l r c } & \text { Common } & \text { Preferred } \\ \text { Average shareholders' equity } & \$ 1,500,000 & \$ 120,000 \\ \text { Average number of shares outstanding } & 100,000 & 30,000 \\ \text { Dividends paid } & 50,000 & 90,000 \\ \text { Net Income } & \$ 340,000 \\ \text { Interest expense } & \$ 22,000 \\ \text { Average Total assets } & \$ 2,535,000 \end{array}\] -The ROE for Fraggle Rock is closest to: A)16.7% B)19.0% C)21.3% D)23.8% Clear View: A term denoting an unobstructed and clear line of sight or understanding. Proper Objective: An aim or goal that is suitable and appropriately targeted for a specific task or endeavor. Optical Microscopes: Instruments that use visible light and a system of lenses to magnify small objects, allowing for the observation of details not visible to the naked eye. Physicians' Office Laboratories: Labs located within a physician's office where various tests are performed on clinical specimens to obtain information about the health of a patient.