Multiple Choice
Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets. This year, the invested assets totaled $475,000, and net income was $275,000. What is the return on investment?
A) 57.9%
B) 172.3%
C) 5.0%
D) 115.0%
Correct Answer:
Verified
Correct Answer:
Verified
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