TB MC Qu. 16-106 (Algo) Jester Corporation's most recent income statement... Jester Corporation's most recent income statement appears below: Income Statement Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (30%) $ 320,000 180,000 140,000 52,000 88,000 22,000 66,000 19,800 $ 46,200 Net income The beginning balance of total assets was $260,000 and the ending balance was $256,500. The return on total assets is closest to: Multiple Choice 23.9% O 17.9% O 25.6% O 34.1%