Suppose that Acme Inc. had a net income of $19,500 on sales of $325,000 and total assets are $245,000 at the end of the fiscal year. The firm's debt to assets ratio was 45.0%. What is the return on equity? (Hint: use the DuPont relationship and change debt/assets to equity/assets, and finally to assets/ equity)

		13.82%
		14.47%
		15.15%
		15.86%
		15.27%