Refer to the Following Selected Financial Information from Shakley's Incorporated

Multiple Choice

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. $$\begin{array} { | l | r | r | } \hline & { \text { Year 2 } } & \text { Year 1 } \\\hline \text { Net sales } & \$ 478,500 & \$ 426,250 \\\hline \text { Cost of goods sold } & 276,300 & 250,120 \\\hline \text { Interest expense } & 9,700 & 10,700 \\\hline \text { Net income before tax } & 67,250 & 52,680 \\\hline \text { Net income after tax } & 46,050 & 39,900 \\\hline \text { Total assets } & 317,100 & 288,000 \\\hline \text { Total liabilities } & 181,400 & 167,300 \\\hline \text { Total equity } & 135,700 & 120,700 \\\hline\end{array}$$

A) 2.6%.
B) 15.2%.
C) 22.2%.
D) 9.6%.
E) 14.5%.