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Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec. 3 1 , Year 7 Dec. 3 1 , Year 6

Selected financial data for Wilmington Corporation is presented below.
WILMINGTON CORPORATION Balance Sheet Dec. 31, Year 7 Dec. 31, Year 6 Current Assets Cash and cash equivalents $634,527 $335,597 Marketable securities 166,106187,064 Accounts receivable (net)284,226318,010 Inventories 466,942430,249 Prepaid expenses 60,90628,060 Other current assets 83,05385,029 Total Current Assets 1,695,7601,384,009 Property, plant and equipment 1,384,217625,421 Long-term investment 568,003425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000168,000 Accounts payable 279,522314,883 Accrued liabilities 301,024183,681 Income taxes payable 107,509196,802 Total Current Liabilities 1,149,4311,033,785 Long-term debt 500,000300,000 Deferred income taxes 236,519288,644 Total Liabilities 1,885,9501,622,429 Common stock $425,250 $125,000 Additional paid-in capital 356,450344,335 Retained earnings 980,330342,666 Total Stockholders' Equity 1,762,030812,001 Total Liabilities and Stockholders' Equity $3,647,980 $2,434,430
Selected Income Statement Data for the year ending December 31, Year 7 Net sales $4,885,340 Cost of goods sold (2,906,526) Selling expenses (884,685) Operating income 1,094,129 Interest expense (55,240) Earnings before income taxes 1,038,889 Income tax expense (401,225) Net income $637,664
Selected Statement of Cash Flow Data for the year ending December 31, Year 7 Cash flows from operations $1,601,692 Capital expenditures $745,862
Required
What was Wilmington Corporations return on net operating assets (RNOA) in Year 7? Assume a statutory tax rate of 37%.
Select one:
a.72.4%
b.52.2%
c.74.6%
d.47.2%

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