Step Up Ladders Company provides the following financialinformation:

Income from operations $400,000

Interest expense 46,000

Gains/(losses) on sale of equipment 2,500

Net income 351,500

Total assets at Jan. 1 2,600,000

Total assets at Dec .31 3,200,000

Calculate return on investment based on the information given above.(Round your answer to two decimalplaces.)

A. 15.38%

B. 12.50%

C. 12.12%

D. 13.79%

ccelerated Logistics provides the followinginformation:

Operating income $1,500,000

Net sales $15,000,000

Average total assets $2,000,000

Management's target rate of return 25%

What is thecompany's profit marginratio? (Round your answer to two decimalplaces.)

A. 75.00%

B. 1.10%

C. 10.00%

D. 13.33%