Multiple Choice
Grove Corp.has revenues of $1,500,000 resulting in an operating income of $105,000.Average invested assets total $750,000.Calculate the ROI if sales increase by 10% and the profit margin and investment level remain constant.
A) 7.7%
B) 14%
C) 15.4%
D) 7.0%
Correct Answer:
Verified
Correct Answer:
Verified
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