Question: Question 22 3 pts A company has average operating assets of $400,000 throughout the year. It has the following summarized income statement for the year

Question 22 3 pts A company has average operating assets of $400,000 throughout the year. It has the following summarized income statement for the year ended December 31, 2019: Revenues $900,800 Cost of goods sold 600,000 Gross profit 300,800 Administrative expenses 150,200 Income before interest and taxes 150,600 Interest expense 62,000 Income before taxes 88,600 Income tax expense 36,000 Net income $52,600 What is the ROI for this company? (round your answer to 2 decimal places as a percentage.) O 35.27% O 64.64% O 37.65% O 26.78%
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