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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 $475,940 Interest expense 83,990

Return on total assets

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

Net income $475,940

Interest expense 83,990

Average total assets 4,210,000

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

___________%

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