A Company Had Net Income of $2,660,000, Net Sales of $25,000,000

Multiple Choice

A company had net income of $2,660,000, net sales of $25,000,000, and average total assets of $8,000,000. Its return on total assets equals:

A) 10.64%.
B) 3.01%.
C) 32.00%.
D) 33.25%.
E) 300.75%.