What is the return on total assets (assuming a 30% tax rate)?

What is the return on equity?

Markus Company's common stock sold for $2.25 per share at the end of this year. The company paid a common stock dividend of $0.45 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Ending Beginning Balance Balance $ 29,000 $ 44,800 Accounts receivable $ 50,000 $ 43,800 Inventory $ 48,100 $ 50,000 Current assets $ 127,100 $ 138,600 Total assets $ 375,000 $360,000 Current liabilities $ 51,000 $ 36,000 Total liabilities $ 100,000 $ 90,000 Common stock, $1 par value $ 108,000 $ 108,000 Total stockholders' equity $ 275,000 $ 270,000 Total liabilities and stockholders' equity $375,000 $360,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 550,000 $ 319,000 $ 231,000 $ 93,500 $ 5,500 $ 61,600 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Answer is complete but not entirely correct. Return on total assets 16.7 X %