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A company reports the following income statement and balance sheet information for the current year: Net income $512,170 Interest expense 90,380 Average total assets 5,150,000

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

Net income $512,170
Interest expense 90,380
Average total assets 5,150,000

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

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