Based on the information in the table, calculate Return on Assets. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box). Balance Sheet December 31, 2011 Accounts payable $278,000 Notes payable $87,000 Accrued expenses $65,000 Total current $430,000 Cash and marketable $143,000 securities Accounts $354,000 receivable Inventories $672,000 Prepaid expenses $12,500 Total current $1,181,500 assets Gross fixed assets $1,675,000 Less: accumulated $500.000 depreciation Net fixed assets $1,175,000 liabilities Long-term debt $284,000 Par value and $228,000 paid-in-capital Retained Earnings $1,414,500 Common Equity 1,642,500 Total liabilities and owner's $2,356,500 equity Total assets $2,356,500 Income Statement Year of 2011 Net sales (all credit) $3,136,600.00 Less: Cost of goods $2.195.620.00 sold Selling and administrative $345,000.00 expenses Depreciation $146,000.00 expense EBIT $449,980.00 Interest expense $45,300.00 Earnings before $404,680.00 taxes Income taxes $161,872.00 Net income $242,808.00