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

		2017		2016
Current liabilities		$280,000		$220,000
Long-term liabilities		800,000		600,000
Interest expense		100,000		50,000
Income tax expense		120,000		58,000
Net income		300,000		170,000
Net cash provided by operating activities		480,000		270,000

How much is return on assets for 2017?

a) 32% (incorrect)

b)18%

c)16%

d)36%