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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 $628,010 Interest expense 110,830

Return on Total Assets

A company reports the following income statement and balance sheet information for the current year:

Net income $628,010

Interest expense 110,830

Average total assets 5,240,000

Determine the return on total assets. If required, round the answer to one decimal place.

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