The 2019 and 2020 partial balance sheets for Fox Industries are shown below: 2019 2020 Current Assets Cash and cash equivalents $ 16,000 $ 14,000 Accounts Receivable, net 20.000 24,000 Inventory 25,000 23,000 Marketable equity securities 5.000 5.000 Total Current Assets 66,000 66,000 Plant & Equipment, net 60.000 40.000 Total Assets 126,000 106,000 Current Liabilities 20,000 30,000 Noncurrent Liabilities 60,000 40.000 Total Liabilities 80,000 70,000 Total Stockholders' Equity 46.000 36.000 Total liabilities and Stockholders Equity $126,000 $106,000 Additionally, Fox's Income Statement for 2020 is as follows: Net sales (all credit sales) $180,000 Cost of Goods Sold 100,000 Gross margin 80,000 Operating expenses 30,000 Interest expense 12.000 Net income before taxes 38,000 Income tax 9,500 Net income $ 28,500 If Fox's income tax rate is 25%, what is the return on assets? 24.57% 26.89% 32.33% 35.38%