Below are selected balance sheet amounts from the beginning and end of the year. There are selected items from the most recent income statement for Narwhal Industries. All balances are shown in the millions and the company has an effective tax rate of 35%. What is the return on assets? (Compute to 4 decimals instead of a percentage.) 1-Jan- 20 31-Dec- 20 Assets: Cash Accounts Receivable (net) Inventory Equipment Less: accumulated depreciation Total Assets Liabilities and Stockholders' Equity accounts payable accrued expenses long-term note payable Common stock ($1 par) Retained earnings $610 1524 1021 153 {D1} 2794 $1040 603 800 1293 {DO} 3209 $629 202 1055 619 376 $517 134 1063 1280 487 Revenues Cost of goods sold Depreciation expense Interest expense Salary expense Other expense (including income tax) Net Income $4266 2443 220 300 201 947 $202