Required information The Foundational 15 (Algo) (L014-2, L014-3, LO14-4, LO14-5, LO14-6) (The following information applies to the questions displayed below.) Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 35,000 $ 34,000 Accounts receivable $ 70,000 $ 55,000 Inventory $ 60,700 $ 70,000 Current anseta $ 165,700 $ 159,000 Total assets $ 557,000 $ 586,800 Current liabilities $ 67,500 $ 55,500 Total liabilities $ 152,000 $ 136,800 Common stock, $1 par value $ 133,000 $ 133,000 Total stockholders' equity $ 405,000 $ 450,000 Total liabilities and stockholders' equity $ 557,000 $ 586,800 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 825,000 $ 478,500 $ 346,500 $ 194,250 $ 10,500 $ 126,625 Foundational 14-4 (Algo) Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $ 133,000 $ 405,000 $ 557,000 $ 133,000 $ 450,000 $ 586,800 k Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net incona This Year $ 825,000 $ 478,500 $ 346,500 $ 194,250 $ 10,500 $ 128,625 ances 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%) Retum on total assets %