The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
What is the rate earned on total assets for this company? Round your answer to one decimal point.
Definitions:
Contracts
Legal agreements between two or more parties that outline obligations, rights, and terms to which all parties must adhere.
Social Media
Online platforms that enable users to create content, share information, and participate in social networking.
Persuasive Efforts
The methods and strategies used to convince or influence others to adopt a certain viewpoint or take a specific action.
Persuasive Language
Language that is used to convince or influence the audience to adopt a certain point of view or take a specific action.
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