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Espinosa Corporation Had $220,000 in Invested Assets,sales of $242,000,income from Operations

Question 10

Multiple Choice

Espinosa Corporation had $220,000 in invested assets,sales of $242,000,income from operations amounting to $48,400,and a desired minimum rate of return of 3%.The rate of return on investment for Espinosa is


A) 20%.
B) 22%.
C) 3%.
D) 6.4%.

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