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Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0,55 per

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Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0,55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities $ 130,000 $ 120,000 Common stock, $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $ 460,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 700,000 $ 400,000 $ 300.000 $ 140,000 $ 8,000 $ 92,400 4. What is the return on total assets (assuming a 30% tax rate)? (Round your percentage answer to 1 decimal place fie., 0.1234 should be entered as 12.3).) Return on total assets %

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