The following information pertains toBonitaCompany. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

AssetsCash and short-term investments$40000Accounts receivable (net)26000Inventory19000Property, plant and equipment205000Total Assets$290000Liabilities and Stockholders' EquityCurrent liabilities$58000Long-term liabilities80000Stockholders' equity-common152000Total Liabilities and Stockholders' Equity$290000Income StatementSales revenue$84300Cost of goods sold44300Gross margin40000Operating expenses24920Net income$15080Number of shares of common stock6700Market price of common stock$18Dividends per share on common stock0.90Cash provided by operations$29200

What is the return on assets for this company?