Flitter reported net income of $24,000 for the past year. At the beginning of the year the company had $213,000 in assets and $63,000 in liabilities. By the end of the year, assets had increased to $313,000 and liabilities were $88,000. Calculate its return on assets:

• 11.3%.

• 7.7%.

• 35.7%.

• 26.2%.

• 9.1%.