Cano Inc. sells retail apparel. You have been asked to compute ROI using average assets for last

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Cano Inc. sells retail apparel. You have been asked to compute ROI using average assets for last quarter. Profits were $50,000, beginning-of-quarter assets were $150,000, and end-of-quarter assets were $190,000. What was the ROI?


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Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

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