The following information pertains to Sunland Company. 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 $ 38000

Accounts receivable (net) 43000

Inventory 38000

Property, plant and equipment 236000

Total Asets $355000

Liabilities and Stockholders Equity

Current liabilities $ 65000

Long-term liabilities 88000

Stockholders equitycommon 202000

Total Liabilities and Stockholders Equity $355000

Income Statement

Sales revenue $77000

Cost of goods sold 45000

Gross profit 32000

Operating expenses 6085

Net income $25915

Number of shares of common stock 7000

Market price of common stock $28

Dividends per share on common stock 10.2

Cash provided by operations $44730

What is the return on assets for this company?

12.6%

14.3%

29.3%

7.3%