The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets Cash S 19.000 Accounts receivable, net 260.000 Merchandise inventory 370.000 Prepaid expenses 7,000 Total current assets 656,000 Property and equipment, net 820,000 Total assets $1,476,000 $ 210.000 390,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 600,000 $ 160,000 716,000 876,000 $1,476,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,250,000 Cost of goods sold 1,230,000 Gross margin 1,020,000 Selling and administrative expenses 570,000 Net operating income 450,000 Interest expense 39,000 Net income before taxes Income taxes (30%) 411,000 123,300 $ 287,700 Net income Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $260,000. All sales were on account. Assets at the beginning of the year totaled $1,070,000, and the stockholders' equity totaled $695,000. 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on total assets 22.6 % x 4. Return on equity. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on equity 32.8 % X