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Last Year,a Company Had Shareholders' Equity of $160,000,operating Income of $16,000,and

Question 5

Multiple Choice

Last year,a company had shareholders' equity of $160,000,operating income of $16,000,and sales of $100,000.The turnover was 0.5.What was the return on investment (ROI) ?


A) 7%.
B) 8%.
C) 9%.
D) 10%.

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