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Calculate the store return on assets ratio

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Question - Claudia's 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 store's return on assets ratio. Provide an explanation of what this number represents and why is it important for retailers.

Reference no: EM133145632

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