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Last Year the Uptown Division of Gorcen Enterprises Had Sales

Question 80

Multiple Choice

Last year the Uptown Division of Gorcen Enterprises had sales of $300,000 and a net operating income of $24,000. The average operating assets at Uptown last year amounted to $120,000. Last year at Uptown the return on investment was:


A) 8%
B) 12%
C) 20%
D) 40%

Correct Answer:

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