Given the following data: ...
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Accounting
Given the following data:
| Average operating assets | $ | 688,000 |
| Total liabilities | $ | 103,200 |
| Sales | $ | 344,000 |
| Contribution margin | $ | 196,080 |
| Net operating income | $ | 61,920 |
Return on investment (ROI) is:
Multiple Choice
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18.0%
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9.0%
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57.0%
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