Use the following information to answer questions 14-15: Quantum, Inc. had the following amounts on its 12/31/20 financial statements. The Retained Earnings balance reflects the impact of all required closing entries. $ Revenues Expenses Net income 200,000 160,000 $ 40,000 $ Current assets Long-term assets Total assets 150,000 350,000 $ 500,000 S Current liabilities Long-term liabilities Total liabilities 120,000 180,000 300,000 $ Common stock Retained earnings Total equity 40,000 160,000 200,000 Total liabilities and equity 500,000 14. The return on assets ratio for Quantum is: A. 4%. B. 8%. C. 20%. D. 40%. 15. The return on equity ratio for Quantum is: A. 8%. B. 10%. C. 20%. D. 25%