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Golden Corporation Has Operating Income of $336,000,a Sales Margin of 16%,and

Question 170

Multiple Choice

Golden Corporation has operating income of $336,000,a sales margin of 16%,and capital turnover of 3.0.The return on investment (ROI) for Golden Corporation may be closest to


A) 5%.
B) 48%.
C) 2%.
D) 160%.

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