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Question(s) / Instruction(s):

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below:

 

  Sales                                                                    $18,290,000 

  Net operating income                                  $877,920 

  Average operating assets                           $4,510,000 

 

The divisions return on investment (ROI) is closest to:

a)            15.62%

b)            1.80%

c)            19.47%

d)            4.80%

 

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