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Question 1: Wild River Rafting Company sells outdoor gear. For 2020, Wild River prepares a...

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Accounting

Question 1: Wild River Rafting Company sells outdoor gear. For 2020, Wild River prepares a forecast that includes the following:

2020 Projected Sales $1,000,000

2020 Projected Net Operating Income $40,000

2020 Projected Average Operating Assets $400,000

Based on the projected information, what will Wild Rivers return on investment be for 2020?

State your answer as a percentage with two decimal places.

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