If the rate of return on assets for the year is 15%, a general interpretation of the ratio would be

a. the assets generated $0.15 cash per dollar of cash invested.
b. 15% of the assets produced income while the remainder were at break-even for the year.
c. before payment for use of capital, $0.15 was earned for each dollar of assets used by the company.
d. dividends of $0.15 per share were paid.
e. before payment for use of capital, $0.15 was earned for each dollar of cash used by the company.

C