QPark’s financial statements

QPark reported $860,000 of operating income and $750,000 of net income. The income tax rate is 30 percent. Below are selected accounts and amounts (in thousands) from QPark’s financial statements for the year ending December 31:

Sales revenue	$ 8,500	Equipment	$20,400
Interest expense	300	Long-term debt	3,600
Retained earnings	14,000	Income taxes payable	1,100
Common stock	12,000	Total assets	45,400

     

            Calculate the return on assets for QPark. Explain what information this ratio provides for investors.