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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) 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) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $ 170,000 71,000 99,000 43,000 56,000 20,000 36,000 10,800 $ 25,200 The beginning balance of total assets was $210,000 and the ending balance was $230,000. Required: Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.) Return on total assets %

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