A company reports the following income statement and balance sheet information for the current year: Net income
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A company reports the following income statement and balance sheet information for the current year:
Net income .................................................................................$ 502,100
Interest expense ...........................................................................113,500
Average total assets.................................................................. 3,800,000
Determine the return on total assets.
Round percentage to one decimal place.
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DINESH KUMAR
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Related Book For 
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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