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2021 Lumpule) Step Up Ladders Company provides the following financial information: Income from operations $400,000 Interest expense 48,000 Gains/(losses) on sale of equipment 2,800 Net

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2021 Lumpule) Step Up Ladders Company provides the following financial information: Income from operations $400,000 Interest expense 48,000 Gains/(losses) on sale of equipment 2,800 Net income 349,200 Total assets at Jan. 1 2,600,000 Total assets at Dec 31 3,400,000 Calculate return on investment based on the information given above. (Round your answer to two decimal places.) O A. 15.38% OB. 11.76% OC. 13.33% OD. 11.64%

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