Flingen Inc. reveals the following information in their annual report for FY $2023$

Selected Income Statement Items: $$

Sales $$9,500,000$

Cost of goods sold $$5,800,000$

Pretax earnings $$850,000$

$$

Selected Balance Sheet Items: $$

Merchandise inventory $$800,000$

Total assets $$3,200,000$

Upper management plans to cut cost of goods sold by $6\mathrm{.}5\%$ for the coming year but retain the same sales and weeks of inventory. What is the return on assets estimated to be for $2024?$