What was Mike's return on net worth for the year?

A.) 12.17%

B.) 22%

C.) 24.50%

D.) 30%

Mike Smith has the following financial data. Investment Assets at Year End $475,000 Investment Assets at Beginning of the Year $392,000 Savings Made During the Year by Mike $27,000 Employer Match to Mike's 401(k) Plan $5,000 Total Assets on Ending Statement of Financial $700,000 Gross Income on Income Statement $100,000 Total Assets on Beginning Statement of Financial $600,000 Total Liabilities at Beginning of the Year $200,000 Total Liabilities at Year End $180,000