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Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues $ 2 1 6

Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period:
Revenues $216,000
Expenses 192,800
Net Income $ 23,200
Current Assets $ 58,000
Long-term Assets 174,000
Total Assets $232,000
Current Liabilities $ 36,000
Long-term Liabilities 88,000
Total Liabilities 124,000
Common Stock $ 48,000
Retained Earnings 60,000
Total Equity 108,000
Total Liabilities and Equity $232,000
What is the companys return-on-assets ratio?

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