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The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115000 and interest expense is $30000 for 2006 what is the rate earned on total assets for 2006 (round percent to one decimal point)?

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The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115000 and interest expense is $30000 for 2006 what is the rate earned on total assets for 2006 (round percent to one decimal point)?






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