Markus Companys common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$ 31,000	$ 32,200
Accounts receivable	$ 64,000	$ 53,700
Inventory	$ 59,200	$ 64,000
Current assets	$ 154,200	$ 149,900
Total assets	$ 490,000	$ 506,000
Current liabilities	$ 63,000	$ 49,500
Total liabilities	$ 140,000	$ 126,000
Common stock, $1 par value	$ 126,000	$ 126,000
Total stockholders equity	$ 350,000	$ 380,000
Total liabilities and stockholders equity	$ 490,000	$ 506,000

	This Year
Sales (all on account)	$ 750,000
Cost of goods sold	$ 440,000
Gross margin	$ 310,000
Net operating income	$ 162,000
Interest expense	$ 9,000
Net income	$ 107,100

4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%)