Brawer Company's Net Income Last Year Was $55,000,and Its Interest

Multiple Choice

Brawer Company's net income last year was $55,000,and its interest expense was $20,000.Total assets at the beginning of the year were $660,000,and total assets at the end of the year were $620,000.The company's income tax rate was 30%.The company's return on total assets for the year was closest to which of the following?

A) 8.6%.
B) 9.5%.
C) 10.8%.
D) 11.7%.