Please answer the given financial question based on the context.
Context: item 6 . selected financial data the following table represents our selected financial data . the table should be read in conjunction with item 7 and item 8 of this report . the table below reflects immaterial error corrections discussed in note 2 : summary of significant accounting policies in item 8. .
|( $ in millions except per share amounts )|year ended december 31 2012|year ended december 31 2011|year ended december 31 2010|year ended december 31 2009|year ended december 31 2008|
|sales and service revenues|$ 6708|$ 6575|$ 6723|$ 6292|$ 6189|
|goodwill impairment|2014|290|2014|2014|2465|
|operating income ( loss )|358|100|241|203|-2332 ( 2332 )|
|net earnings ( loss )|146|-100 ( 100 )|131|119|-2397 ( 2397 )|
|total assets|6392|6069|5270|5097|4821|
|long-term debt ( 1 )|1779|1830|105|283|283|
|total long-term obligations|4341|3838|1637|1708|1823|
|free cash flow ( 2 )|170|331|168|-269 ( 269 )|121|
|dividends declared per share|$ 0.10|$ 2014|$ 2014|$ 2014|$ 2014|
|basic earnings ( loss ) per share ( 3 )|$ 2.96|$ -2.05 ( 2.05 )|$ 2.68|$ 2.44|$ -49.14 ( 49.14 )|
|diluted earnings ( loss ) per share ( 3 )|$ 2.91|$ -2.05 ( 2.05 )|$ 2.68|$ 2.44|$ -49.14 ( 49.14 )|
basic earnings ( loss ) per share ( 3 ) $ 2.96 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) diluted earnings ( loss ) per share ( 3 ) $ 2.91 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures . see liquidity and capital resources in item 7 for more information on this measure . ( 3 ) on march 30 , 2011 , the record date of the stock distribution associated with the spin-off from northrop grumman , approximately 48.8 million shares of $ 0.01 par value hii common stock were distributed to northrop grumman stockholders . this share amount was utilized for the calculation of basic and diluted earnings ( loss ) per share for the three months ended march 31 , 2011 , and all prior periods , as no common stock of the company existed prior to march 30 , 2011 , and the impact of dilutive securities in the three month period ended march 31 , 2011 , was not meaningful. .
Question: during 2010 , what was the return on assets?


Answer: The answer is:0.02486