Consider the Following Information for Haley and Morris, Inc How Much Is the Return on Investment for 2014?
A)

Multiple Choice

Consider the following information for Haley and Morris, Inc. $\begin{array}{lrr}&\text { December } 31\\&2013&2014\\\text { Total assets } & \$ 40,000,000 & \$ 50,000,000 \\\text { Noninterest-bearing current liabilities } & 800,000 & 1,400,000 \\\text { Net income } & 2,600,000 & 3,400,000 \\\text { Interest expense } & 300,000 & 400,000 \\\text { Tax rate } & 30 \% & 30 \%\end{array}$ How much is the return on investment for 2014?

A) 7.57%
B) 7.24%
C) 6.42%
D) 7.82%