The following amounts were taken from the financial statements of Nicklaus Company:

		2017		2016
Total assets		$800,000		$1,000,000
Net sales		720,000		650, 000
Gross profit		352,000		320,000
Net income		144,000		117,000
Weighted average number of common shares outstanding		120,000		120,000
Market price of common stock		$36		$40

How much is return on assets for 2017?

36%

32%

18%

16%