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)	$ 250,000
Cost of goods sold	115,000
Gross margin	135,000
Selling and administrative expense	39,000
Net operating income	96,000
Interest expense	21,000
Net income before taxes	75,000
Income taxes (30%)	22,500
Net income	$ 52,500

1. The beginning balance of total assets was $250,000 and the ending balance was $246,400. The return on total assets is closest to: