Answer:
D. 17.28%
Explanation:
In Return on Equity ROE is a financial ratio that it is recommended to be calculated as the earnings of the current period divided by the average of the equity (equity at the end of period + equity at the beginning and divide it by 2) In this case we only have end of period and we will use it as denominator so.
ROE = 70.000/405.000
ROE = 17.28%
