Selected financial data from the June 30 year-end statements of Safford Company are given below:

Total assets	$ 5,300,000
Long-term debt (12% interest rate)	$ 600,000
Total stockholders equity	$ 2,300,000
Interest paid on long-term debt	$ 72,000
Net income	$ 370,000

Total assets at the beginning of the year were $5,100,000; total stockholders equity was $2,100,000. The companys tax rate is 40%.

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).)

THE ANSWER IS NOT 7.1 OR 7.12