At the beginning of the year , Crane Company had total assets of $ 900,000 and at the end of its fiscal year , its total assets were $ 1,100,000 . Crane's net sales for the year were $ 850,000 and its net income was $ 55,000 . Crane's return on assets for the year is : Select one : a . 5.5 % b.5.0\% . 6.5 % d . 85.0 % e . None of the above