Multiple Choice
ABC Corporation's North Division generates operating income of $100,000 on $900,000 in sales.The company had $400,000 in assets at the beginning of the year and $450,000 at the end of the year.What is the company's return on investment for the year?
A) 11.1%
B) 23.5%
C) 42.5%
D) 100%
Correct Answer:
Verified
Correct Answer:
Verified
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