Use the following balance sheet and income statement to calculate the firm's operating return on assets (operating profits/ total assets): Balance Sheet Income Statement Assets: Cash $9,000 Sales (all credit) $255,000 Accounts Receivable 26,000 Cost of Goods Sold (153,000) Inventories 19,500 Land 49,000 Operating Expenses (45,000) Other Fixed Assets 70,000 Depreciation (3,000) Liabilities & Owners' Interest Expense (9,000) Equity Accounts Payable 12,000 Long Term Debt 53,400 Taxes (15,300) Common Stock 2,000 Paid in Capital 80,000 Retained Earnings 26,100 40.0% 62.6% 27.5% 31.1% 33.0%