The Martin Company reported net income of $15,000 on gross sales of $80,000. The company has total

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Question:

The Martin Company reported net income of $15,000 on gross sales of $80,000. The company has total assets of $135,000, of which $102,000 is property, plant and equipment. What is the company's return on investment?

a)12.5%

b)18.8%

c)14.7%

d)11.1%