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A company reports the following income statement and balance sheet information for the current year: Net income $156,240 Interest expense 13,590 Average total assets 1,887,000

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

Net income	$156,240
Interest expense	13,590
Average total assets	1,887,000

Determine the return on total assets. Round the percentage to one decimal place.

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