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The Martin Company Reported Net Income of $15,000 on Gross

Question 53

Multiple Choice

The 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 (rounded to the nearest decimal point) ?


A) 18.8%
B) 11.1%
C) 14.7%
D) 12.5%

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