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A company reports the following income statement and balance sheet information for the current year: Net income $657, 210 Interest expense 115, 980 Average total

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A company reports the following income statement and balance sheet information for the current year: Net income $657, 210 Interest expense 115, 980 Average total assets 6, 390,000 Determine the rate earned on total assets. If required, round the answer to one decimal place. %

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