Use the Following Data to Answer Questions -If Fraggle Rock's Tax Rate Is 32%, the ROA for Year-End

Use the following data to answer questions .
From the year-end financial statements of Fraggle Rock Ltd: $$\begin{array} { l r c } & \text { Common } & \text { Preferred } \\\text { Average shareholders' equity } & \$ 1,500,000 & \$ 120,000 \\\text { Average number of shares outstanding } & 100,000 & 30,000 \\\text { Dividends paid } & 50,000 & 90,000 \\\text { Net Income } & \$ 340,000 \\\text { Interest expense } & \$ 22,000 \\\text { Average Total assets } & \$ 2,535,000\end{array}$$
-If Fraggle Rock's tax rate is 32%, the ROA for Fraggle Rock is closest to:

A) 12.8%
B) 13.1%
C) 13.7%
D) 14.0%