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Gulick Corporation's most recent income statement appears below: Sales (all on account) $ 230,000 Cost of goods sold 115,000 Gross margin 115,000 Selling and administrative

Gulick Corporation's most recent income statement appears below:

Sales (all on account) $ 230,000
Cost of goods sold 115,000
Gross margin 115,000
Selling and administrative expenses 61,000
Net operating income 54,000
Interest expense 18,000
Net income before taxes 36,000
Income taxes (30%) 10,800
Net income $ 25,200

The beginning balance of total assets was $230,000 and the ending balance was $190,000.

Required:

Compute the return on total assets. (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

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