At the end of 2016 the following information is available for Grumpy, Happy, and Doc Companies.

Grumpy Happy Doc

Total Assets $ 2,000,000 $ 2,000,000 $ 3,000,000

Total Liabilities 1,400,000 800,000 1,800,000

Stockholders' Equity 600,000 1,200,000 1,200,000

Net Income 118,000 190,000 150,000

Which company has the highest return on assets?

a. Grumpy

b. Happy

c. Doc

d. They all have equal return on assets.