The financial statements of Black Barn Company are given below.

Black Barn Company Income Statement (2009)
Sales	$8,000,000
Cost of goods sold	5,260,000
Gross profit	2,740,000
Selling & administrative expenses	1,500,000
Operating profit	1,240,000
Interest expense	140,000
Income before tax	1,100,000
Tax expense	440,000
Net income	$660,000

Balance Sheet	2009	2008
Cash	$200,000	$50,000
Accounts receivable	1,200,000	950,000
Inventory	1,840,000	1,500,000
Total current assets	$3,240,000	$2,500,000
Fixed assets	3,200,000	3,000,000
Total assets	$6,440,000	$5,500,000
Accounts Payable	$800,000	$720,000
Bank loan	600,000	100,000
Total current liabilities	$1,400,000	$820,000
Bond payable	900,000	1,000,000
Total liabilities	$2,300,000	$1,820,000
Common stock (130,000 shares)	$300,000	$300,000
Retained earnings	3,840,000	3,380,000
Total liabilities & equity	$6,440,000	$5,500,000

Note: The common shares are trading in the stock market for $40 each. Refer to the financial statements of Black Barn Company. The firm's return on sales ratio for 2009 is