During the Year,Clarendon Corporation Had Net Sales of $500,000,net Income

Multiple Choice

During the year,Clarendon Corporation had net sales of $500,000,net income of $50,000,average total assets of $700,000,dividend payments of $35,000,net cash flows from operating activities of $52,000,purchases of plant assets of $75,000,and sales of plant assets of $90,000.Cash flows to assets equals (Round amounts to one decimal place)

A) 13.0 percent.
B) 10.4 percent.
C) 8.7 percent.
D) 7.4 percent.