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Ames Irrigation Company had net income for the month of October of $46,080. Assets as of the beginning and end of the month totaled
Ames Irrigation Company had net income for the month of October of $46,080. Assets as of the beginning and end of the month totaled $325,000, and $443,000, respectively. Calculate Ames Irrigation Company's return on assets (ROA) for the month of October. (Round the percentage to two decimal places, X.XX%.)
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