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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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