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A company's year-end financial statements lists the following figures. Net income $49,500 Net sales $550,000 Current assets $1,050,000 $115,000 Current liabilities Total assets $2,200,000 Based

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A company's year-end financial statements lists the following figures. Net income $49,500 Net sales $550,000 Current assets $1,050,000 $115,000 Current liabilities Total assets $2,200,000 Based on this information, what is the company's rate of return on sales? 2.32% O9% 25% 1.91% Save and Continue

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