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A Company reports last year's operations as follows: Return on investment (ROI) Minimum required rate of return Turnover (on operating assets) Sales 18% 14% 2.5

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A Company reports last year's operations as follows: Return on investment (ROI) Minimum required rate of return Turnover (on operating assets) Sales 18% 14% 2.5 $1,600,000 What was the Company's net operating income last year? O $115,200 $48,000 O $145,000 $89,600

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