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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 $313,230 55,270 Interest expense

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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 $313,230 55,270 Interest expense Average total assets 5,500,000 Determine the return on total assets. If required, round the percentage to one decimal place

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