In the previous year, Orange Corporation had total assets of $22,000; total liabilities $19,000; and total equity of $3,000. In the current year, Orange Corporation has the following account balances (alphabetical order): Accounts payable Accounts receivable Cash Cost of goods sold Ending paid-in-capital Ending retained earnings Equipment Interest expense Long-term debt Merchandise inventory Net sales Operating expenses Wages payable $ 1,000 1,000 1,000 8,000 1,000 4,000 12,000 1,000 10,000 4,000 16,000 3,000 2,000 Based on the account balances above, calculated the approximate return on asset (ROA) ratio. 20% 25% Oo oo O 30% 40%