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Forward Company Had Operating Income of $75,000, Sales of $220,000

Question 73

Multiple Choice

Forward Company had operating income of $75,000, sales of $220,000, and a turnover ratio of 0.55.What is Forward's return on investment (ROI) ? (Note: Round answer to two decimal places.)


A) 32.50%
B) 50.60%
C) 18.75%
D) 64.60%
E) Forward's ROI cannot be determined from this information.

Correct Answer:

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