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Planet Company Had Operating Income of $12,000, Average Operating Assets

Question 21

Multiple Choice

Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000.What is Planet's return on investment (ROI) ? (Note: Round answer to two decimal places.)


A) 9.60%
B) 20.60%
C) 25.50%
D) 5.80%
E) 4.50%

Correct Answer:

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