Given below are comparative balance sheets and an income statement for Claret Corporation. CLARET CORPORATION Balance Sheets 2018 Dec. 31 Jan. 1 $ 15,400 37,300 36,200 66,100 $155,000 15,400 46,540 32,300 57,000 $151,240 Cash Accounts receivable Inventory Equipment (net) 25,800 7,600 14,100 72,600 31,140 $151,240 28,400 3,700 14,100 Accounts payable Dividends payable Long-term note payable Capital stock, $5 par Retained earnings 72,600 36,200 $155,000 CLARET CORPORATION Income Statement. For the year ended 2018 $ 228,600 (137,520) $ Sales Cost of goods sold 91,080 (75,848) $ 15,232 (9,000) 6,232 Gross profit on sales Operating expenses Operating income Interest expense and income taxes Net income All sales were made on account. Cash dividends declared during the year totaled $11,292. Claret Corporation's return on assets for 2018 rounded to the nearest tenth of a percent is