The financial statements of Orange, Inc. are presented in the tables below.

Based on the information in the tables, calculate the firm's return on assets.

Round the answer to two decimal places.

Balance Sheet, December 31, 2015

Assets		Liabilities and Equity
Cash and marketable securities	$106,866	Accounts payable	$244077
Accounts receivable	$323,403	Notes payable	$87049
Inventories	$419,891	Accrued expenses	$50453
Prepaid expenses	$18330	Total current liabilities	$381579
Total current assets	$868490	Long-term debt	$237525
Gross fixed assets	$1827742	Par value and paid-in-capital	$143623
Less: accumulated depreciation	$317924	Retained earnings	$1615581
Net fixed assets	$1509818	Common equity	$1759204
Total assets	$2378308	Total liabilities and owner's equity	$2378308

Income Statement, 2015

Net sales (all credit)	$9437243
Less: cost of goods sold	$5851091
Selling and administrative expense	$275577
Depreciation expense	$126960
EBIT (operating profit)	$3183615
Interest expense	$28794
Earnings before taxes	$3154821
Income taxes	$1419669
Net income	$1735152

Return on assets: