Parkinson Company Provides the Following Financial Data How Much Is the Return on Investment?
A) 6

Multiple Choice

Parkinson Company provides the following financial data:
$\begin{array}{|l|r|}\hline\text { Income from operations } & \$ 200,000 \\\hline\text { Interest expense } & \$ 45,000 \\\hline \text { Gains/(losses) on sale of equipment } & \$ 2,500 \\\hline \text { Net income } & \$ 152,500 \\\hline \text { Total assets at Jan 1 } & \$ 2,600,000 \\\hline \text { Total assets at Dec } 31 & \$ 3,200,000\\\hline\end{array}$
How much is the return on investment?

A) 6.3%
B) 5.3%
C) 6.9%
D) 7.2%