In its financial statements KRJ International reported net income of $35 million and an effective tax rate of 26%. Total assets were reported at the beginning of the year as $328 million and at the end of the year $352 million. The LiFO reserve was reported at the beginning of the year as $46 million and at the end of the year $34 million. Calculate the return on assets after including the adjustment for LIFO. Present your answer in percentage terms, rounded to one decimal place. e.g. 12.3%. In its financial statements KRJ International reported net income of $35 million and an effective tax rate of 26%. Total assets were reported at the beginning of the year as $328 million and at the end of the year $352 million. The LiFO reserve was reported at the beginning of the year as $46 million and at the end of the year $34 million. Calculate the return on assets after including the adjustment for LIFO. Present your answer in percentage terms, rounded to one decimal place. e.g. 12.3%