Multiple Choice
Martin Company reported net income of $15,000 on gross sales of $80,000. The company has average total assets of $135,000, of which $102,000 is property, plant and equipment. What is the company's return on investment? (Round your answer to 1 decimal place.)
A) 18.8%
B) 11.1%
C) 14.7%
D) 12.5%
Correct Answer:
Verified
Correct Answer:
Verified
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