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 $ 487,500 $ 428,050

Cost of goods sold 278,100 251,920

Interest expense 11,500 12,500

Net income before tax 69,050 54,480

Net income after tax 47,850 41,700

Total assets 320,700 298,800

Total liabilities 172,400 169,100

Total equity 148,300 129,700

Multiple Choice

9.8%.

15.4%.

2.8%.

22.3%.

14.9%.