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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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