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Determine what was the return on investment

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Reference no: EM132610308

Problem 1: Last year, a company had shareholders' equity of $160,000, operating income of $16,000, and sales of $100,000. The turnover was 0.5. What was the return on investment (ROI)?

A) 8%.

B) 7%.

C) 9%.

D) 10%.

Reference no: EM132610308

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