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Question - The following information is provided for Pharoah Company and Flounder Corp.:
(in $ millions) Pharoah Company Flounder Corp.
Net income 2017 $120 $410
Net sales 2017 1325 4560
Total assets 12/31/15 1040 2310
Total assets 12/31/16 1125 3160
Total assets 12/31/17 1190 4000
What is Flounder's return on assets (rounded) for 2017?
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