Degollado Corporation's most recent income statement appears below:

Income Statement
For the Year Ended December 31
Sales (all on account)	$	144,000
Cost of goods sold		64,000
Gross margin		80,000
Selling and administrative expenses		34,000
Net operating income		46,000
Interest expense		14,000
Net income before taxes		32,000
Income taxes (30%)		9,600
Net income	$	22,400

The beginning balance of total assets was $203,000 and the ending balance was $223,000.

Required:

Compute the return on total assets.