Selected data from the 2015 financial statements of KRJ Manufacturing are presented below. Calculate the return on assets for the year, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Sales	$101,937
Gross profits	$54,276
Operating profits (EBIT)	$28,456
Earnings before taxes (EBT)	$26,626
Net profits	$19,563
Tax expense	8,427
Depreciation expense	$11,680
Total assets, Dec. 31, 2014	$81,104
Total assets, Dec. 31, 2015	$84,014
Total equity, Dec. 31, 2014	$42,294
Total equity, Dec. 31, 2015	$40,585
Cash flow from operations	$32,765