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Calculate the return on assets using the following company financials. Sales $400,000, Sales discounts $6,000, Operating Expenses $220,000, Other Revenue $56,000, Other Expenses (all interest

Calculate the return on assets using the following company financials. Sales $400,000, Sales discounts $6,000, Operating Expenses $220,000, Other Revenue $56,000, Other Expenses (all interest expense) $23,000, Tax rate 21%. Assets balances were 78,000 and 113,000 from the beginning to the end of the year, respectively. Answer should be rounded to the nearest two decimals.

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