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Sarasota Corporation Has Operating Income of $72,000, a Profit Margin

Question 186

Multiple Choice

Sarasota Corporation has operating income of $72,000, a profit margin of 12%, and asset turnover of 3.0. The return on investment (ROI) for Sarasota Corporation would be closest to


A) 1%.
B) 4%.
C) 36%.
D) 120%.

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