Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 Common stock, $1 par value Total stockholders equity Total liabilities and stockholders' equity Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 663.000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 $ 710,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 930,000 $ 539,400 $ 390,600 $ 240,625 $ 12,500 $ 159, 688 Foundational 14-4 (Algo) 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%) Return on total assets 16.3 %