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Sarasota Corporation Has Operating Income of $72,000,a Sales Margin of 12%,and

Question 112

Multiple Choice

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


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

Correct Answer:

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