A Company Has Net Income of $250,000, Net Sales of $2,000,000

Multiple Choice

A company has net income of $250,000, net sales of $2,000,000, and average total assets of $1,500,000. Its return on total assets equals:

A) 12.5%.
B) 75.0%.
C) 600.0%.
D) 16.7%.
E) 13.3%.