Markus Company$$s common stock sold for $$2\mathrm{.}75$ per share at the end of this year. The company paid a common stock dividend of $$0\mathrm{.}55$ per share this year. It also provided the following data excerpts from this year$$s financial statements:

Ending Balance Beginning Balance

Cash $ $35,000$ $ $30,000$

Accounts receivable $ $60,000$ $ $50,000$

Inventory $ $55,000$ $ $60,000$

Current assets $ $150,000$ $ $140,000$

Total assets $ $450,000$ $ $460,000$

Current liabilities $ $60,000$ $ $40,000$

Total liabilities $ $130,000$ $ $120,000$

Common stock, $$1$ par value $ $120,000$ $ $120,000$

Total stockholders$$ equity $ $320,000$ $ $340,000$

Total liabilities and stockholders$$ equity $ $450,000$ $ $460,000$

This Year

Sales $($all on account$)$ $ $700,000$

Cost of goods sold $ $400,000$

Gross margin $ $300,000$

Net operating income $ $140,000$

Interest expense $ $8,000$

Net income $ $92,400$

$4.$ What is the return on total assets $($assuming a $30\%$ tax rate$)?($Round percentage answer to $1$ decimal place. i$.$e$.,0\mathrm{.}123$ should be considered as $12\mathrm{.}3\%)$