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Net sales, net income, and total assets for Azbell Shipping, Inc., for a five-year period follow: (Click the icon to view the data.) Read the
Net sales, net income, and total assets for Azbell Shipping, Inc., for a five-year period follow: (Click the icon to view the data.) Read the requirements. round to the nearest percent. Net sales Net income Total assets Azbell Shipping, Inc. - Trend Percentages 2020 2019 2021 2019 ( 2020 ( 2021 300 % 61% 146 % 168 % 110 % 132 % 164 % 94% 7 123 % 2018 104 % 126 % 110 % Requirement 2. Calculate the rate of return on net sales for 2019 through 2021, rounding to the nearest one-tenth percent. Explain what this means. calculate the Begin by selecting the rate of return on net sales (return on sales) formula and enter the amounts percentages. (Enter amounts in thousands as provided to you in the problem statement. Complete all input fields. Enter "0" for any zero amounts and enter the return on sales amounts as percentages rounded to one-tenth percent, X.X%.) = - 2017 = 100 % 100 % 100 % = Return on sales to o % % 10 %
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