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Campbell Candy Corporation Desires a 16% Return on Investment (ROI)

Question 28

Multiple Choice

Campbell Candy Corporation desires a 16% return on investment (ROI) on all operations. The following information was available for the company for the current year: What is the corporation's ROI?
 Sales $250,000 Operating Income $70,000 Turnover 0.6\begin{array} { | l | l r | } \hline \text { Sales } & \$ & 250,000 \\\hline \text { Operating Income } & \$ & 70,000 \\\hline \text { Turnover } & & 0.6 \\\hline\end{array}


A) 16.8%
B) 28%
C) 32%
D) Impossible to determine from the information given.

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