The following data pertain to Pinnacle Corp. for the year ended December 31, 2024: . . Net sales: $960,000 Net income: $144,000 Total assets on January 1, 2024: $1,800,000 Total assets on December 31, 2024: $2,400,000 What was Pinnacle Corp.'s rate of return on assets for 2024? Options: a) 6.0% b) 6.9% c) 7.2% d) 8.0%

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