Assume a company provided the following excerpts from its balance sheet and income statement as shown below:

	Ending Balance				Beginning Balance
Current assets	$	120,000			$	140,000
Total assets	$	480,000			$	380,000
Current liabilities	$	80,000			$	70,000
Total liabilities	$	174,600			$	174,000
Total stockholders’ equity	$	305,400			$	206,000

Sales	$	1,000,000
Cost of goods sold		600,000
Gross margin		400,000
Selling and administrative expenses		250,000
Net operating income		150,000
Interest expense		8,000
Net income before taxes		142,000
Income taxes		42,600
Net income	$	99,400

If the tax rate is 30%, then  Calculate the return on assets. ?