Belen Company has the following financial data related to years 2017 and 2018:

Net Income 2017: $30,000

Net Income 2018: $45,000

Average Total Assets 2017: $347,000

Average Total Assets 2018: $425,000

Average Stockholders Equity 2017: $127,000

Average Stockholders Equity 2018: $115,000

Based on the information above, Belen Companys Return on Assets for year 2018 is:

a. 10.59%

b. 12.97%

c. 8.65%

d. 7.06%

e. 8.82%