Bobs Tires Inc. has sales of $100,000, net income of $50,000, beginning asset balance of $200,000, ending
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Bob’s Tires Inc. has sales of $100,000, net income of $50,000, beginning asset balance of $200,000, ending asset balance of $220,000, beginning stockholder equity of $160,000, and ending stockholder equity of $200,000. What is Bob’s return on total assets?
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