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Stuck on this problem. I have looked at other examples and can't seem to get the right answer. I have divided the net income by

Stuck on this problem. I have looked at other examples and can't seem to get the right answer. I have divided the net income by the average of the total assets and no matter what can't enter the number correctly according to connect. Please help. image text in transcribed

s most recent income statement appears below: $210,000 105,000 Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income 105,000 59,000 46,000 20,000 26,000 7,800 $ 18,200 The beginning balance of total assets was $210,000 and the ending balance was $170,000. Required: Compute the return on total assets. (Round your answer to 1 decimal place Return on total assets 96:90

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