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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 $382,810 Interest expense 67,550

Return on Total Assets A company reports the following income statement and balance sheet information for the current year:

Net income $382,810

Interest expense 67,550

Average total assets 5,560,000

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

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