$ 260,000 150,000 110,000 46,000 INCODE Staten Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net Income before taxes Income taxes (301) Net income 64,000 16,000 48.000 14.400 $ 33,600 The beginning balance of total assets was $200,000 and the ending balance was $197100. The return on total assets is closest to Multiple Choice 16.9% O 2263 3223 0 242