Kabra€™s 2016 financial statements reported the following items€”with 2015 figures given for comparison:

Net income for 2016 was $4,020, and interest expense was $160. Compute Kabra€™s rate of return on total assets for 2016.

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KABRA, INC. Balance Sheet As of December 31, 2016 and 2015 2016 2015 Total Assets S 27,730 S3 Total Liabilities Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity 12,500 15,230 S 27,730 15,910 17,800 S 33,710