At January 1, 2019, Crane Company Had Total Assets of $1,800,000

Multiple Choice

At January 1, 2019, Crane Company had total assets of $1,800,000 and at December 31, 2019, its total assets were $2,200,000. Crane's net sales for 2019 were $1,700,000 and its 2019 net income was $110,000.
Crane's return on assets for 2019 is:

A) 5.5%
B) 5.0%
C) 6.5%
D) 85.0%