Speedy Company has net income of $$18,955,$ and assets at the beginning of the year

of $$200,000.$ Assets at the end of the year total $$246,000.$ Compute its return on

assets.

$7\mathrm{.}7\%.$

$8\mathrm{.}5\%$

$9\mathrm{.}5\%.$

$11\mathrm{.}8\%$

$13\mathrm{.}0\%.$