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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 $483,970 Interest expense 85,410

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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 $483,970 Interest expense 85,410 Average total assets 6,860,000 Determine the return on total assets. If required, round the answer to one decimal place, 12 X % Feedback Check My Work Divide the sum of net income and interest expense by average total assets Check My Work Previous All work saved. Email Instructor Save and be Submit Assignment for Grading el 81F Partly

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