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Avocado Company Has an Operating Income of $80,000 on Revenues

Question 65

Multiple Choice

Avocado Company has an operating income of $80,000 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) 8%
B) 10%
C) 16%
D) 20%

Correct Answer:

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