Consider the following information regarding Kent Ltd for the year ended 30 June 2020, a listed company on ASX in Australia.

Net income	$1,350,500
Interest expense	127,300
Interest income	12,500
Tax rate	30%
Sales income	3,650,450
Average Total assets	8,575,000
Preference share dividend	10,400
Average shareholder equity	5,445,000
Total current asset	1,250,789
Total current liability	845,456
Cost of goods sold	1,213,452
Impairment loss	112,274

Using DuPont system, determine the value of Return on asset:

Select one:

a. 16.05%

b. 16.69%

c. 15.75%

d. 15.05%