Dawson Electronic Services Had Revenues of $80,000 and Expenses of $50,000

Multiple Choice

Dawson Electronic Services had revenues of $80,000 and expenses of $50,000 for the year.Its assets at the beginning of the year were $400,000.At the end of the year assets were worth $450,000.Calculate its return on assets.

A) 7.1%
B) 7.5%
C) 6.7%
D) 20.0%
E) 18.8%