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Compute Return on Assets (ROA): Requirements: Using the following figures: Net Income: $160,000 Average Total Assets: $1,400,000 Compute the return on assets (ROA). Express ROA

Compute Return on Assets (ROA): Requirements:

Using the following figures:
- Net Income: $160,000
- Average Total Assets: $1,400,000
Compute the return on assets (ROA).
Express ROA as a percentage.
Provide the calculated ROA.

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