Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets $ 5,400,000 Long-term debt (10% interest rate) $620,000 Total stockholders equity $ 2,900,000 Interest paid on long-term debt $62,000 Net income $460,000 Total assets at the beginning of the year were $5,200,000; total stockholders equity was $2,700,000. The companys tax rate is 35%. Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)