The following information has been extracted from the financial statements and notes thereto of Complicated Limited Co.

2019

2018

Services Revenue

$580 000

$575 000

Interest expense

23 000

26 500

Income tax expense

44 600

53 000

Profit

52 500

56 100

Preference dividends

2 800

2 800

Totalassets

540 000

555 000

Total liabilities

300 000

330 000

Preference sharecapital

62 000

62 000

Ordinary sharecapital

110 000

100 000

Retained earnings

68 000

63 000

Assuming the company uses totalassetsin calculating return on asset, the return on asset for 2019 is?

Select one:

a.7.8%

b.5.9%

c.10.1%

d.9.7%