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A company reports the following income statement and balance sheet information for the current year: Net income $232,250 Interest expense 40,990 Average total assets 2,760,000

A company reports the following income statement and balance sheet information for the current year: Net income $232,250 Interest expense 40,990 Average total assets 2,760,000 Determine the return on total assets. If required, round the answer to one decimal place. fill in the blank 1 %

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