Question: Question Content Area Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $266,450

  1. Question Content Area

    Return on Total Assets

    A company reports the following income statement and balance sheet information for the current year:

    Net income $266,450
    Interest expense 47,020
    Average total assets 3,870,000

    Determine the return on total assets. If required, round the answer to one decimal place. fill in the blank 1 %

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