The Following Information Is Available for the Novin Company What Is the Return on Sales for the Year Ended

Multiple Choice

The following information is available for the Novin Company:
$\begin{array} { l } \text { Net income for the year ended December } 31,2014&\$177.4\\ \text { Sales for the year ended December 31,2014}&1,606.0\\ \text { Retained earnings, December 31, 2014 }&150.0\\ \text {Retained earnings, December 31, 2013 }&180.0\\ \text {Total assets, December 31, 2014 }&470.0\\ \text { Total assets, December 31, 2013}&442.0\\ \text {Total liabilities, December 31, 2014 }&240.0\\ \text {Total liabilities, December 31,2013 }&182.0\\\end{array}$

What is the return on sales for the year ended December 31,2014?

A) 2.9%
B) 7.9%
C) 11.0%
D) 33.9%