Jenkins, Inc. provides the following data: Cash Accounts Receivable,
Net Merchandise Inventory Property, Plant, and Equipment,
Net Total Assets 2025 2024 $149,000 $122,000 109,000 64,000 73,000 56,000 188,000 122,000 $519,000 $364,000 Additional information for the year ending December 31, 2025: Net Credit Sales $600,000 200,000 Cost of Goods Sold Interest Expense 22,000 Net Income 290,000 Calculate the rate of return on total assets for 2025. (Round your answer to two decimal places.
