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A company reports the following income statement and balance sheet information for the current year: Net income $ 156,440 Interest expense $ 13,600 Average total

A company reports the following income statement and balance sheet information for the current year:

Net income	$ 156,440
Interest expense	$ 13,600
Average total assets	$2,180,000

Determine the rate earned on total assets. Round the percentage to one decimal place. %

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