The following information pertains to Newman Company. Assume that all balances represent normal balances, are average balances, and that all sales are on account. What is the return on total assets for this company (Net Income + Interest Expense) / Average Total Assets)? Assets (Average Balances) Cash and short-term $ 40,000 investments Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and 215,000 equipment Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, no par Retained earnings $ 60,000 95,000 80,000 75,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Operating expenses 20,000 Number of shares of 6,000 common stock Market price of common $40 stock Dividends per share $1.00 Cash provided by operations $40,000 Dividends Payable $10,000