Question: ( 1 2 3 4 5 6 7 Question 2 O Mark this question NET INCOME $49,500 NET SALES $550,000 CURRENT ASSETS $1,050,000 CURRENT LIABILITIES

( 1 2 3 4 5 6 7 Question 2 O Mark this question NET INCOME $49,500 NET SALES $550,000 CURRENT ASSETS $1,050,000 CURRENT LIABILITIES $115,000 TOTAL ASSETS $2,200,000 Based on this information, what is the company's rate of return on sales? O 25% 1.91% 2.32% 9%

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