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Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost

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Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income Dec 31, 2020 $ 38,000 56,000 76,000 218,000 429,000 153,000 276,000 348,000 228,000 28,000 Dec 31, 2021 $ 44,000 68,000 80,000 234,000 411,000 153,000 258,000 416,000 296,000 30, 600 Required: Compute the return on assets for 2021. (Round your answer to 2 decimal places.) Return on assets %

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