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Degollado Corporation's most recent income statement appears below: Income Statement For the Year Ended December 31 Sales (all on account) $ 184,000 Cost of goods

Degollado Corporation's most recent income statement appears below:

Income Statement
For the Year Ended December 31
Sales (all on account) $ 184,000
Cost of goods sold 76,000
Gross margin 108,000
Selling and administrative expenses 48,000
Net operating income 60,000
Interest expense 23,000
Net income before taxes 37,000
Income taxes (30%) 11,100
Net income $ 25,900

The beginning balance of total assets was $214,000 and the ending balance was $234,000.

Required:

Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.)

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