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Ecru Corporation's most recent income statement appears below: $310,000 175,000 135,000 51,000 Income Statement Sales (all on account) Cost of goods sold Gross margin Selling

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Ecru Corporation's most recent income statement appears below: $310,000 175,000 135,000 51,000 Income Statement Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (308) Net income 84,000 21,000 63,000 18,900 $ 44,100 The beginning balance of total assets was $250,000 and the ending balance was $246,600. The return on total assets is closest to: Multiple Choice O o oo

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