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3 Last year a company had stockholder?s equity of $160,000, net operating income of $16,000 and sales of $100,000. The turnover was 0.5. The return

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Last year a company had stockholder?s equity of $160,000, net operating income of $16,000 and sales of $100,000. The turnover was 0.5. The return on investment (ROI) was: 10% 9% 8% 7%

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