Walton,Inc Additional Information for the Year Ending December 31,2019 Calculate the Rate of Return on Total Assets for 2019

Multiple Choice

Walton,Inc.provides the following data: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { \underline { 2018 } } \\\hline \text { Cash } & \$ 45,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 98,000 & 62,000 \\\hline \text { Merchandise Inventory } & 73,000 & 50,000 \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 183,000 } & \underline { 120,000 } \\\hline \text { Total Assets } & \$ 399,000 & \$ 257,000 \\\hline\end{array}$$ Additional information for the year ending December 31,2019:
$$\begin{array} { | l | r | } \hline \text { Net Credit Sales } & \$ 510,000 \\\hline \text { Cost of Goods Sold } & 190,000 \\\hline \text { Interest Expense } & 24,000 \\\hline \text { Net Income } & 181,000 \\\hline\end{array}$$ Calculate the rate of return on total assets for 2019.(Round your answer to two decimal places.)

A) 45.36%
B) 62.50%
C) 70.43%
D) 51.38%