MEGAFRAME COMPUTER COMPANY Balance Sheet as of 12/31/2006 ,Assets ,Cash $40,000 ,Accounts Receivable 60,000 ,Inventory 90,000 ,New Plant and Equipment 220,000 ,Total Assets $410,000 ,LIABILITY AND STOCKHOLDERS’ EQUITY ,Accounts Payable $60,000 ,Accrued Expenses 40,000 , ,Long-Term Debt 130,000 ,Common Stock 60,000 ,Paid-In capita 20,000 ,Retained Earnings 100,000 ,Total Liabilities and Stockholders’ Equity $410,000 ,,,MEGAFRAME COMPUTER CO.,Income Statement For the Year Ended 12/31/2006, ,Sales (all on credit) $720,000 ,Cost of Goods Sold 500,000 ,Gross Profit $220,000 ,Sales and Administrative Expense 20,000 ,Depreciation 40,000 ,Operating Profit $160,000 ,Interest Expense 16,000 ,Profit before Taxes $144,000 ,Taxes (30%) 43,200 ,Net Income $100,800 ,,Using the DuPont method, return on assets (investment) for Megaframe Computer is approximately what percentage? (Round to the nearest whole percent, and show your work/calculations/formulas.),,
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