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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) $149,000 Cost of goods sold

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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) $149,000 Cost of goods sold 70,000 Gross margin 79,000 Selling and administrative expenses 41,000 Net operating income 38,000 Interest expense 18,000 Net income before taxes 20,000 Income taxes (30%) 6,000 Net income $ 14,000 The beginning balance of total assets was $208,000 and the ending balance was $229,000. Required: Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.) Return on total assets

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