Multiple Choice
Hamlin Corporation had $220,000 in invested assets, sales of $242,000, income from operations amounting to $70,400, and a desired minimum rate of return of 3%. The rate of return on investment for Hamlin is:
A) 7%
B) 32%
C) 3%
D) 29%
Correct Answer:
Verified
Correct Answer:
Verified
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