Charlie's Inc The Rate of Return on Assets Charlie's Inc

Charlie's Inc. gives you the following information pertaining to the year 2020:
$\begin{array}{llcc} \text { Net sales............................................................ } & \$925,000\\ \text { Cost of goods sold..............................................} &575,000\\ \text { Current assets.................................................... } &525,000\\ \text { Current liabilities.............................................. } &275,500\\ \text { Average total assets...........................................} &1,000,000\\ \text { Total liabilities.................................................. } &650,000\\ \text { Net income....................................................... } &225,000\\\end{array}$ The rate of return on assets Charlie's Inc. is

A) 92.5%.
B) 42.9%.
C) 4.44%.
D) 22.5%.