MC Qu. 152 Refer to the following selected...

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2.

	Year 2	Year 1
Net sales	$ 485,000	$ 427,550
Cost of goods sold	277,600	251,420
Interest expense	11,000	12,000
Net income before tax	68,550	53,980
Net income after tax	47,350	41,200
Total assets	319,700	295,800
Total liabilities	174,900	168,600
Total equity	144,800	127,200

A. 9.8%.

B. 2.8%.

C. 15.4%.

D. 22.3%.

E. 14.8%.