In 2008,Claudia's Gems Had Net Sales of $220,000,total Assets of $390,000,total

question 83

Essay

In 2008,Claudia's Gems had net sales of $220,000,total assets of $390,000,total liabilities of $109,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's return on assets ratio.

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Definitions:

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