A company reports the following income statement and balance sheet information for the current year: Net income $114,590 Interest expense      9,963 Average total assets 1,859,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank 1 %

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A company reports the following income statement and balance sheet information for the current year:

Net income $114,590
Interest expense      9,963
Average total assets 1,859,000

Determine the return on total assets. Round the percentage to one decimal place.
fill in the blank 1 %

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