The comparative income statement and balance sheet of Cowan Kitchen Counters, Inc. are shown.

Cowan Kitchen Counters, Inc. Comparative Income Statement For Years Ended December 31, 20-2 and 20-1
	20-2		20-1
Net Sales (all on account)		$2,584,000		$2,163,000
Cost of goods sold		1,868,200		1,616,800
Gross profit		$715,800		$546,200
Operating expenses		315,200		221,800
Other expense (interest)		24,200		24,200
Income tax expense		176,800		106,300
Net income		$199,600		$193,900

Cowan Kitchen Counters, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1
	20-2		20-1
Cash		$255,400		$243,200
Government notes		250,000		250,000
Accounts receivable (net)		903,500		797,500
Merchandise inventory		983,600		913,600
Supplies and prepayments		143,200		47,500
Land		108,200		108,200
Building (net)		330,000		390,600
Office equipment (net)		17,700		15,000
Total assets		$2,991,600		$2,765,600
Current liabilities (accounts payable)		$703,000		$532,000
Bonds payable		220,000		240,000
Total liabilities		$923,000		$772,000
Common stock ($10 par, 180,000 shares)		$1,800,000		$1,800,000
Retained earnings		268,600		193,600
Total stockholders' equity		$2,068,600		$1,993,600
Total liabilities and stockholders' equity		$2,991,600		$2,765,600

Compute ROA for 20-2 using its two basic components (round all calculations to two decimal places). fill in the blank 1 %

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