the balance sheet at the end of the first 2 years of operations indicate the following 2012. 2011 total current assets 600000 560000 total investments. 60000. 40000 total prop plant and equip. 900000. 700000 total current liabilities. 125000. 65000 total long term liab. 350000. 250000 preferred 9% stock 100 par. 100000. 100000 common stock $10 par. 600000. 600000 paid in cap in excess of par common stock 75000. 75000 retained earnings. 310000. 210000

If net income is 115000 and interest expense is 30000 for 3012 what is the rate earned on total assets for 2012 round to the nearest 1 decimal point