Claudias Gems had net sales of $220,000, total assets of $390,000, total liabilities of $109,000, a cost
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Question:
Claudias Gems had net sales of $220,000, total assets of $390,000, total liabilities of $109,000, a cost of goods sold of $69,000, expenses of $82,000, and net profit after taxes of $29,000. Calculate the stores return on assets ratio. Provide and explanation of what this number represents and why it is important for retailers
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