A Company Reports the Following Income Statement and Balance Sheet

Essay

A company reports the following income statement and balance sheet information for the current year: $$\begin{array} { | l | r | } \hline \text { Net income } & \$ 180,000 \\\hline \text { Interest expense } & 20,000 \\\hline \text { Average total assets } & 2,000,000 \\\hline\end{array}$$ ​
Determine the return on total assets. Round your answer to one decimal place.