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Module 7 Problem Set eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the

Module 7 Problem Set eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $253,010 Interest expense 44,650 Average total assets 2,460,000 Determine the return on total assets. If required, round the answer to one decimal place. %

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