Selected information from Miami Company's December 31, 2020 and 2019 financial statements are presented below:...

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Accounting

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Selected information from Miami Company's December 31, 2020 and 2019 financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2020 $40,000 28,000 190,000 114,000 425,000 240,000 32,500 2019 $36,000 35,000 186,000 108,000 405,000 225,000 28,000 What is the company's return on assets for 2020? (Round your answer to three decimal places) O 7.19 O 7.8% O 13.5% O 44.7%

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