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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 $410,000 Interest expense 90,000
Return on total assets
A company reports the following income statement and balance sheet information for the current year:
Net income | $410,000 |
Interest expense | 90,000 |
Average total assets | 5,000,000 |
Determine the return on total assets. (Round percentages to one decimal place.) %
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