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Compoform's Net Income for the Year Was $320,000

Question 27

Multiple Choice

Compoform's net income for the year was $320,000.Average liabilities totaled $1.6 million and average stockholders' equity totaled $2.4 million.Return on investment (ROI) was:


A) 8.0%
B) 13.3%
C) 20.0%
D) 40.0%

Correct Answer:

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