In 2018, XYZ Inc. had sales of $36.5 million, costs of goods sold of $17.2 million, Sales, General and Administrative (SG&A) expenses of $6.1 million, Depreciation expenses of $5.3 million, Interest expenses of $550,000, Average Tax Rate of 21%, total debt of $15 million, and total assets of $30 million.

Calculate XYZ Inc.'s Return on Assets as of 2018.

Group of answer choices

20.11%

24.50%

19.36%

18.34%