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A company reports the following income statement and balance sheet information for the current year: Net income $ 4 8 1 , 5 1 0

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

Net income $

481, 510

Interest expense

84, 970

Average total assets

5, 840, 000

Determine the return on total assets. If required, round the answer to one decimal place.

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