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1. Charlie's fishing Company is a growing business in downtown Chicago. Charlie's balance sheet shows beginning assets of $1,000,000 and an ending balance of $2,000,000

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1. Charlie's fishing Company is a growing business in downtown Chicago. Charlie's balance sheet shows beginning assets of $1,000,000 and an ending balance of $2,000,000 of assets. During the current year, Charlie's company had net income of $20,000,000. Use the above information to answer a, & b. a. Calculate for Charlie's return on assets. b. What does this mean for this business

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