Blue Nyle Products, Inc. had net sales of $388,888; net income of $25,500; total assets of $825,660; and total liabilities of $525,300. Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.

Total Liabilities

The sum of all debts and financial obligations a company owes to outside parties.

Total Assets

The sum of all resources owned by a company or an individual, valued in monetary terms, which includes tangible and intangible items.