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Noble Corporation Had Sales of $3,000,000 and Operating Income of $500,000.Noble

Question 59

Multiple Choice

Noble Corporation had sales of $3,000,000 and operating income of $500,000.Noble also had $900,000 of assets on January 1 and $800,000 on December 31.What is the corporation's ROI for the year?


A) 26.7%
B) 35.3%
C) 58.8%
D) 59.9%

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