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A company reports the following income statement and balance sheet information for the current year: Net income $ 165, 530 Interest expense $ 14, 398

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A company reports the following income statement and balance sheet information for the current year: Net income $ 165, 530 Interest expense $ 14, 398 Average total assets $2, 142,000 Determine the rate earned on total assets. Round the percentage to one decimal place. %

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