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Average assets are $ 2 3 7 5 3 1 5 . Sales for the year totaled $ 3 , 0 0 0 , 0

Average assets are $2375315. Sales for the year totaled $3,000,000 and expenses totaled $2,950,000. Cash flow from operating activities totaled $700,000. Prepaid insurance has an ending balance of $45,000. What was return on assets (in percentage terms)?

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