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Degollado Corporation's most recent income statement appears below: Income Statement For the...

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Accounting

Degollado Corporation's most recent income statement appears below:

Income Statement
For the Year Ended December 31
Sales (all on account) $ 146,000
Cost of goods sold 67,000
Gross margin 79,000
Selling and administrative expenses 38,000
Net operating income 41,000
Interest expense 16,000
Net income before taxes 25,000
Income taxes (30%) 7,500
Net income $ 17,500

The beginning balance of total assets was $206,000 and the ending balance was $227,000.

Required:

Compute the return on total assets. (Round your "Percentage" answer to 2 decimal places.)

image \begin{tabular}{|c|c|} \hline Return on total assets & % \\ \hline \end{tabular}

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