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A company has a total of $ 7 million in current assets and $ 8 million in long term assets. Liabilities total $ 9 milkion

A company has a total of $7 million in current assets and $8 million in long term assets. Liabilities total $9 milkion and equity is $6 million. Lastvyear the company had gross profitsbof $5 milkion and net income of $1.5 million. What isbthe return on total assets?

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