Markus Companys common stock sold for $2.50 per share at the end of this year. The company paid a common stock dividend of $0.40 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance		Beginning Balance
Cash	$	31,500	$	47,800
Accounts receivable	$	56,000	$	46,300
Inventory	$	50,800	$	56,000
Current assets	$	138,300	$	150,100
Total assets	$	417,000	$	405,300
Current liabilities	$	57,000	$	39,000
Total liabilities	$	117,000	$	105,300
Common stock, $1 par value	$	114,000	$	114,000
Total stockholders equity	$	300,000	$	300,000
Total liabilities and stockholders equity	$	417,000	$	405,300

	This Year
Sales (all on account)	$	650,000
Cost of goods sold	$	377,000
Gross margin	$	273,000
Net operating income	$	120,750
Interest expense	$	7,000
Net income	$	96,900

1. What is the return on total assets (assuming a 30% tax rate)