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Determine the return on total assets

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Reference no: EM133052403

Question - Return on total assets - A company reports the following income statement and balance sheet information for the current year:

Net income $232,560

Interest expense 41,040

Average total assets 3,420,000

Required - Determine the return on total assets. If required, round the percentage to one decimal place.

Reference no: EM133052403

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