The National Division of Excellent Products Company had a turnover ratio of 4.50 and a margin of

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The National Division of Excellent Products Company had a turnover ratio of 4.50 and a margin of 0.15. Which of the following is the return on investment (ROI)? (Round answer to two decimal places.)

Group of answer choices

23.80%

67.50%

42.00%

73.80%

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: Sep 05, 2022 12:47 AM

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The National Division of Excellent Products Company had a turnover ratio of 4.50 and a margin of

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