14.

A company reports the following for the past year: sales of $15,000,000; income of $3,000,000; and average assets of $37,500,000. The companys CFO believes that income for next year will be $3,600,000 and average assets will be the same as the past year. If the CFOs forecast is correct, return on investment next year will be:

Group of answer choices

A) 14.5%

B) 9.6%

C) 16.0%

D) 10.4%