Laurier Inc. had total assets at the beginning of the year of $ 3000000 and total assets at the end of the year of $ 6000000. The following contains information on Laurier Inc.'s statement of income for the year:

THE ANSWEER IS 3.64. I NEED THE STEPS TO GET TO THIS ANSWER

Sales $ 600000

Interest expense $ 17000

Income tax expense $35000

Net income $150000

Calculate Laurier Inc.'s return on assets (ROA) for the year. Express your answer as a percentage rounded to two digits (i.e. 3.84).