Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data:

net sales-$1,230

cost of good solds- $ 520

Operating expenses- $440

net income- $390

Balance Sheet data:

average total equity- $2400

average total assets- $4000 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share. Refer to the information above.

Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data:

net sales-$1,230

cost of good solds- $ 520

Operating expenses- $440

net income- $390

Balance Sheet data:

average total equity- $2400

average total assets- $4000 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share. Refer to the information above.

Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data:

net sales-$1,230

cost of good solds- $ 520

Operating expenses- $440

net income- $390

Balance Sheet data:

average total equity- $2400

average total assets- $4000 Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share. Refer to the information above.Supreme's return on assets was