Using the Following Data for Stevenson Industries, Compute the Return

Multiple Choice

Using the following data for Stevenson Industries, compute the return on assets ratio. $$\begin{array} { l r } \text { Net Income } & \$ 150,000 \\\text { Total Assets } 12 / 31 / 14 & 2,410,000 \\\text { Total Assets 12/31/13 } & 1,980,000 \\\text { Net Sales } & 250,000\end{array}$$

A) 6.2%
B) 10.4%
C) 6.8%
D) 11.4%