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Selected current year company information follows: Net income $ 16,553 Net sales 718,855 Total liabilities, beginning-year 89,932 Total liabilities, end-of-year 109,201 Total stockholders' equity, beginning-year

Selected current year company information follows:

Net income $ 16,553
Net sales 718,855
Total liabilities, beginning-year 89,932
Total liabilities, end-of-year 109,201
Total stockholders' equity, beginning-year 204,935
Total stockholders' equity, end-of-year 130,851

The return on total assets is (Do not round intermediate calculations.):

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