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Charlie's Construction Company is a growing construction business that has a few contracts to build storefronts in downtown Chicago. Charlie's balance sheet shows an ending
Charlie's Construction Company is a growing construction business that has a few contracts to build storefronts in downtown Chicago. Charlie's balance sheet shows an ending balance of $2,000,000 of assets. During the current year, Charlie's company had net income of $20,000,000. What is the company's return on assets (RoA) ?
a)1%
b)10%
c)100%
d)1,000%
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