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Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios.
-The return on assets for National Textile is
Keiretsu
A network of interconnected Japanese companies, often family-owned, that form a close-knit alliance to work together and support each other's business.
Competitive Bidding
A procurement process where suppliers submit price bids to win a contract to provide goods or services.
Outsourcing
The business practice of hiring parties outside a company to perform services or create goods traditionally performed in-house.
Supply-Chain Strategy
The planning and execution of all logistics and operations management processes to efficiently align production, distribution, and inventory.
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