The following Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period $228,000 197,280 Revenues Expenses Net Income $ 30,720 Current Assets Long-term Assets Total Assets $ 64,000 192,000 $256,000 Current Liabilities Long-term Liabilities Total Liabilities $ 48,000 94,000 142,080 Common Stock Retained Earnings Total Equity $ 54,000 60,000 114,000 Total liabilities and Equity $256,000 What is the company's return-on-assets ratio? Multiple Choice 229 6% 1296 45% Revenues Expenses Net Income $228,000 197,280 $ 30,720 Current Assets Long-term Assets Total Assets $ 64,000 192,000 $256,000 Current Liabilities Long-term Liabilities Total liabilities $ 48,000 94,000 142,000 Common Stock Retained Earnings Total Equity $ 54,000 60,000 114,000 Total Liabilities and Equity $ 256,000 What is the company's return-on-equity ratio? Multiple Choice 27% 45% 6% 12%