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A company reports the following income statement and balance sheet information for the current year: Net income $488,490 Interest expense 86,200 Average total assets 5,690,000

A company reports the following income statement and balance sheet information for the current year: Net income $488,490 Interest expense 86,200 Average total assets 5,690,000 Determine the return on total assets. If required, round the answer to one decimal place.

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