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Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%.
Sales
$500,000
Variable costs
400,000
Contribution margin
100,000
Total direct fixed costs
60,000
Average total operating assets
200,000
Which one of the following is the actual ROI for the year?
a) 3%
b) 8%
c) 20%
d) 30%
e) 50%
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