The following financial data is provided for Jacquie Company:

JACQUIE COMPANY

Balance Sheet

As of $31$ December

Cash

$ $90,000$

Current liabilities

$$142,500$

Accounts receivable

$70,000$

Bonds payable

$145,000$

Inventory

$140,000$

Common stock

$125,000$

Plant assets $($net$)$

$200,000$

Retained earnings

$87,500$

Total assets

$$500,000$

Total liabilities and

shareholders' equity

$$500,000$

Sales revenue for the year was $$1,400,000,$ gross profit was $$320,000,$ and net income was $$85,000.$ One year ago, accounts receivable was $$76,000,$ inventory was $$110,000,$ total assets was $$460,000,$ and shareholders$$ equity was $$170,000.$

What was the company's return on assets for the year?

A$.22\mathrm{.}9\%$

B$.7\mathrm{.}6\%$

C$.17\mathrm{.}0\%$

D$.40\mathrm{.}0\%$