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Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $562,450 Interest expense 99,260

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Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $562,450 Interest expense 99,260 4,830,000 Average total assets Determine the return on total assets. If required, round the answer to one decimal place. %

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