The following information pertains to Wildhorse Co. 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 $ 47100

Accounts receivable (net) 35700

Inventory 25200

Property, plant and equipment 214000

Total Assets $322000

Liabilities and Stockholders Equity

Current liabilities $ 51500

Long-term liabilities 93700

Stockholders equitycommon 176800

Total Liabilities and Stockholders Equity $322000

Income Statement

Sales revenue $118000

Cost of goods sold 71400

Gross profit 46600

Operating expenses 15000

Net income $ 31600

Number of shares of common stock 5300

Market price of common stock $19

Dividends per share on common stock 7.8

Cash provided by operations $31000

What is the return on assets for this company?

17.9%

9.6%

9.8%

14.5%