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Last year the return on total assets in Jeffrey Company was 9.5%. The total assets were 1.9 million at the beginning of the year and

Last year the return on total assets in Jeffrey Company was 9.5%. The total assets were 1.9 million at the beginning of the year and 2.1 million at the end of the year. The tax rate was 30%, interest expense totaled $100 thousand, and sales were $4.2 million. Net income for the year was

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