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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 $323,210 Interest expense 57,040

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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 $323,210 Interest expense 57,040 Average total assets 5,070,000 Determine the return on total assets. If required, round the percentage to one decimal place. 15.6 %

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