Given the financial data for Company O3 and Company P3:

Criteria	Company O3	Company P3
Net Income	$3,400,000	$3,100,000
Total Assets	$34,000,000	$31,000,000
Total Liabilities	$27,000,000	$25,000,000

Compute the return on assets (ROA) for both companies and determine which company appears to be more efficient in generating profits relative to its assets.