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Return on total assets Obj. 5 A company reports the following income statement and balance sheet information for the current year: Net income $ 424,000

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Return on total assets Obj. 5 A company reports the following income statement and balance sheet information for the current year:

Net income $ 424,000 Interest expense 80,000 Average total assets 4,200,000 Determine the return on total assets. Round percentage to one decimal place.

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