Question: average assets are $ 5 , 0 0 0 , 0 0 0 . Sales for the year totaled $ 3 , 0 0 0

average assets are $5,000,000. Sales for the year totaled $3,000,000 and expenses totaled $2,950,000. Cash flow from operating activities totaled $700,000. Prepaid insurance has ending balance of $45,000. What are the return on assets?

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