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Grove Corp. has revenues of $1,589,000 resulting in an operating income of $140,000. Average invested...

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Accounting

Grove Corp. has revenues of $1,589,000 resulting in an operating income of $140,000. Average invested assets total $790,000. Calculate the ROI if sales increase by 10% and the profit margin and investment level remain constant. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

18.09%

8.81%

9.75%

19.49%

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