The Following Amounts Were Taken from the Financial Statements of Palmer

The following amounts were taken from the financial statements of Palmer Company: $\begin{array}{lrr}&2014&2013\\\text { Total assets } & \$ 800,000 & \$ 1,000,000 \\\text { Net sales } & 720,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 144,000 & 117,000 \\\text { Weighted average number of ordinary shares outstanding } & 120,000 & 120,000 \\\text { Market price of ordinary shares } & \$ 36 & \$ 40\end{array}$ The return on assets for 2014 is

A) 18%.
B) 16%.
C) 36%.
D) 32%.