Sales revenue, net*

$240,000

Cost of goods sold

110,000

Gross margin

$130,000

Operating expenses:

Salary expense

$45,000

Amortization expense

12,000

Other operating expenses

13,000

Total operating expenses

70,000

Operating income

60,000

Gain on sale of plant assets

5,000

Interest expense

(4,000)

Net income before income tax

61,000

Income tax expense

(12,000)

Net income (loss)

$49,000

Refer to Table 18-8. What is the return on total assets for 2017?

A) 20%

B) 25%

C) 27%

D) 22%