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 $686 1573 1077 125 {D1} 2748 $1038 633 833 1287 {DO} 3212 $603 219 1056 609 370 $544 129 1053 1240 526 Revenues Cost of goods sold Depreciation expense Interest expense Salary expense Other expense (including income tax) Net Income $4266 2409 218 342 226 941 $213