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The following information is provided for Wildhorse Co. and Novak CorTotal assets 12/31/17 (in $ millions) Wildhorse Co . Novak Corp. Net income 2017 $135
The following information is provided for Wildhorse Co. and Novak CorTotal assets 12/31/17
(in $ millions) Wildhorse Co. Novak Corp.
Net income 2017 $135 $385
Net sales 2017 1505 4630
Total assets 12/31/15 1040 2230
Total assets 12/31/16 1030 3050
Total assets 12/31/17 1155 4080
What is Novak's return on assets (rounded) for 2017?
13.0%
9.4%
12.6%
10.8%
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