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A company has net income of $5,000, net sales of $20,000, and total assets of $50,000. What is the companys return on sales ratio? Select
A company has net income of $5,000, net sales of $20,000, and total assets of
$50,000. What is the companys return on sales ratio?
Select one:
25 percent
There is insufficient information to calculate the ratio.
10 percent
40 percent
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