Question - The following information is provided for Sandhill Co. and Monty Corp.:
(in $ millions) Sandhill Co. Monty Corp.
Net income 2017 $135 $370
Net sales 2017 1295 4620
Total assets 12/31/15 1005 2390
Total assets 12/31/16 1065 3090
Total assets 12/31/17 1150 4100
What is Monty's return on assets (rounded) for 2017?
10.3%
9.0%
12.0%
12.6%