Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $0.75 per share this year. It also provided the following data excerpts from this year's financial statements:

Cash

Accounts receivable

Inventory

Current assets

Total assets

Current liabilities

Total liabilities

Preferred stock

Common stock, $1 par value

Total stockholders' equity

Total liabilities and stockholders' equity

Ending

Balance

35,000

S

70,000

S

60.700

165.700

S

557.000

67.500

S

152,000 S

43,000

s

90.000

S

405.000

557.000

S

Beginning

Balance

34,000

Sales (all on account)

Cost of goods sold

Gross margin

Net operating income

Interest expense

Net income

S

This Year

825.000

478,500

346.500

194,250

10.500

116.900

Required:

What is the return on total assets (assuming a 30% tax rate)? (Round your answer to 1 decimal place.)

Return on total assets

______%