The financial statements of Burnaby Mountain Trading Company are shown below:

Income Statment 2020:

Sales	$7,000,000
Cost of Goods Sold	5,000,000
Gross Profit	$2,000,000
Selling and Administrative Expenses	1,700,000
EBIT	$300,000
Interest Expense	50,000
Income before Tax	$250,000
Taxes	100,000
Net Income	$150,000

Burnaby Mountain Trading Company Comparative Balance Sheets:

	2020	2019
Cash	$90,000	$80,000
Accounts Receivable	810,000	800,000
Inventory	800,000	720,000
Total Current Assets	$1,700,000	$1,600,000
Fixed Assets	2,600,000	2,400,000
Total Assets	$4,300,000	$4,000,000
Accounts Payable	$500,000	$400,000
Bank Loans	100,000	100,000
Total Current Liabilities	$600,000	$500,000
Long-term Bonds	400,000	300,000
Total Liabilities	$1,000,000	$800,000
Common Stock (200,000) shares	500,000	500,000
Retained Earnings	2,800,000	2,700,000
Total Equity	$3,300,000	$3,200,000
Total Liabilities and Equity	$4,300,000	$4,000,000

Note: The common shares are trading in the stock market for $27 each. Refer to the financial statements of Burnaby Mountain Trading Company. The firm's return-on-sales ratio for 2020 is: