The financial statements of Wood Company include the following data: 1 2019 Sales $155,000 62,000 Cost of Goods Sold 46,500 Operating Expenses Net Cash Provided from Operating Activities 45,300 Net Income 46,500 Dividends 8,000 Earnings per Share 0.24 Wood Company Balance Sheet December 31 Dec 31, 2019 Assets Dec 31, 2018 Cash $123,600 44,300 Accounts Receivable, net Inventory $91,800 37,300 80,800 209,900 138,000 89,700 257,600 135,000 $392,600 Total Current Assets Plant Assets, net Total Assets $347,900 Liabilities and Stockholders' Equity Current Liabilities $40,100 $38,900 Liabilities and Stockholders' Equity Current Liabilities 10% Bonds Payable Total Liabilities Common Stock, $1 par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $40,100 46,000 86,100 202,000 104,500 306,500 $392,600 $38,900 51,000 89,900 192,000 66,000 258,000 $347,900 Required: Compute the return on assets ratio for 2019. Round your answer to the nearest percentage. (If necess Return on assets ratio: 0 %