Walton, Inc Additional Information for the Year Ending December 31, 2019

Walton, Inc. provides the following data: $$\begin{array} { | l | r | r | } \hline & \underline { 2019 } & \underline { 2018 } \\\hline \text { Cash } & \$ 44,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 101,000 & 62,000 \\\hline \text { Merchandise Inventory } & 78,000 & 50,000 \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 182,000 } & \underline { 120,000 } \\\hline \text { Total Assets } & \$ 405,000 & \$ 257,000 \\\hline\end{array}$$ Additional information for the year ending December 31, 2019:
$$\begin{array} { | l | r | } \hline \text { Net Credit Sales } & \$ 550,000 \\\hline \text { Cost of Goods Sold } & 150,000 \\\hline \text { Interest Expense } & 24,000 \\\hline \text { Net Income } & 184,000 \\\hline\end{array}$$ Calculate the rate of return on total assets for 2019. (Round your answer to two decimal places.)

A) 45.43%
B) 62.84%
C) 71.60%
D) 51.36%