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The following information is from Wonder Company's financial statements: Current liabilities $30,000 Long term liabilities $70,000 Shareholders equity $100,000 Sales $120,000 Cost of goods sold
The following information is from Wonder Company's financial statements:
Current liabilities $30,000
Long term liabilities $70,000
Shareholders equity $100,000
Sales $120,000
Cost of goods sold $50,000
Operating expenses $30,000
Net income $40,000
Return on assets (rounded to the zero decimal places) would be:
None of the above
44%
40%
20%
33%
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