Diaz Company had 2019 net income of $40,000. Interest expense was $8,000. The companys tax rate is 35%. Assets at the beginning of the year were $260,000 and were $315,000 at the end of the year.

What is the Return on Assets?

a) 14.5%

b) 15.7%

c) 7.9%

d) 16.7%