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  3. avocado company has an operating income of $100,00

Avocado Company has an operating income of $100,000 on revenues of $1,000,000. Average invested assets...

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Question

Accounting

Avocado Company has an operating income of $100,000 on revenues of $1,000,000. Average invested assets are $500,000, and Avocado Company has an 8% cost of capital.
What is the return on investment?

A. 12%

B. 8%

C. 10%

D. 20%

Answer & Explanation Solved by verified expert
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