The following data is from the last two financial statements of Woods Corporation, whose effective tax rate is 20%.

2020 2019

Balance Sheet:

Total Assets $32,000 $26,500

Common Stock 12,000 6,000

Retained Earnings 4,800 3,500

Income Statement:

Depreciation Expense 2,000

Interest Expense 3,000

Income Tax Expense 9,000

Net Income 2,000

What is Woods Corporation's return on assets? A. 13.5% B. 15.0% C. 12.3% D. 6.8%