Chapter 14 Foundational 15 4 Part 4 of 15 0.83 points eBook Print Cash Accounts receivable: Inventory Current assets Total assets Current liabilities. Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income. Interest expense Net income References Saved You skipped this question in the previous attempt. This Year $825,000 $478,500 $346,500 $194,250 $ 10,500 $128,625 $ 35,000 $ 34,000 $ 70,000 $ 55,000 $ 60,700 $ 70,000 $ 165,700 $ 159,000 $ 557,000 $ 67,500 $ 586,800 $ 152,000 $ 133,000 $405,000 $ 557,000 $ 55,500 $136,800 $ 133,000 $450,000 $ 586,800 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place considered as 12.3%) Return on total assets