The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net 230,000 Merchandise inventory 330,000 Prepaid expenses 10,000 Total current assets 590,000 Property and equipment, net 840,000 Total assets $ 1,430,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 200,000 Bonds payable, 12% 390,000 Total liabilities 590,000 Stockholders equity: Common stock, $10 par value $ 110,000 Retained earnings 730,000 Total stockholders equity 840,000 Total liabilities and stockholders' equity $ 1,430,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $ 2,210,000 Cost of goods sold 1,210,000 Gross margin 1,000,000 Selling and administrative expenses 660,000 Net operating income 340,000 Interest expense 46,800 Net income before taxes 293,200 Income taxes (30%) 87,960 Net income $ 205,240 Account balances at the beginning of the year were: accounts receivable, $180,000; and inventory, $280,000. All sales were on account. Assets at the beginning of the year totaled $1,040,000, and the stockholders equity totaled $695,000. Required: Compute the following: 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)