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29 January, 21:21

Glven the following dа ta: Average operating assets Total liabilities Sales Contribution margin $688,000 $103,200 $344,000 $196,080 $ 61,92 Net operating income 06 19 Return on investment (RO is: Multiple Choice 90% 570% 28 s%

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  1. 29 January, 22:45
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    9%

    Explanation:

    We assume the Net operating income is $61,920

    The formula to compute the return on investment is shown below:

    Return on investment = Net Operating Income : Average Operating Assets * 100

    = $61,920 : $688,000 * 100

    = 9%

    It shows a relationship between the net operating income and the average operating assets

    All other information which is given is not relevant. Hence, ignored it
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Home » Business » Glven the following dа ta: Average operating assets Total liabilities Sales Contribution margin $688,000 $103,200 $344,000 $196,080 $ 61,92 Net operating income 06 19 Return on investment (RO is: Multiple Choice 90% 570% 28 s%
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