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Charlies Inc. gives you the following information pertaining to the year 2020: Net sales $848,000 Cost of goods sold 577,000 Current assets 520,000 Current liabilities

Charlies Inc. gives you the following information pertaining to the year 2020: Net sales $848,000 Cost of goods sold 577,000 Current assets 520,000 Current liabilities 256000 Average total assets 1,046000 Total liabilities 543000 Net income 236000 The rate of return on assets Charlies Inc. is

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