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Degollado Corporation's most recent income statement appears below: Sales (all on account) $ 270,000 Cost of goods sold 135,000 Gross margin 135,000 Selling and administrative

Degollado Corporation's most recent income statement appears below:

Sales (all on account) $ 270,000
Cost of goods sold 135,000
Gross margin 135,000
Selling and administrative expenses 65,000
Net operating income 70,000
Interest expense 14,000
Net income before taxes 56,000
Income taxes (30%) 16,800
Net income $ 39,200

The beginning balance of total assets was $270,000 and the ending balance was $230,000.

Required:

Compute the return on total assets. (Round your answer to 1 decimal place)

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