The following information pertains to Skysong, Inc. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

Assets

Cash and short-term investments $ 46000

Accounts receivable (net) 50000

Inventory 24000

Property, plant and equipment 244000

Total Assets $364000

Liabilities and Stockholders Equity

Current liabilities $ 55000

Long-term liabilities 75000

Stockholders equitycommon 234000

Total Liabilities and Stockholders Equity $364000

Income Statement

Sales revenue $87000

Cost of goods sold 45000

Gross profit 42000

Operating expenses 23436

Net income $ 18564

Number of shares of common stock 19000

Market price of common stock $25

Dividends per share on common stock 8.8

Cash provided by operations $40040

What is the return on assets for this company?

5.1%

27.7%

12.7%

11.0%