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Campbell Candy Corporation Desires a 16% Return on Investment (ROI)  Sales $250,000 Operating income$70,000 Turnover 0.6\begin{array}{llr} \text { Sales } &\$250,000\\ \text { Operating income} &\$70,000\\ \text { Turnover } &0.6\end{array}

Question 53

Multiple Choice

Campbell Candy Corporation desires a 16% return on investment (ROI) on all operations. The following information was available for the company for the current year:|  Sales $250,000 Operating income$70,000 Turnover 0.6\begin{array}{llr} \text { Sales } &\$250,000\\ \text { Operating income} &\$70,000\\ \text { Turnover } &0.6\end{array}
What is the corporation's ROI? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)


A) 16.80%
B) 28.00%
C) 32.00%
D) Impossible to determine from the information given.

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