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Annie s Homemade provided the following data for this year: Expenses $ 1 5 0 , 0 0 0 Turnover 1 . 2 0 Average

Annies Homemade provided the following data for this year:
Expenses $ 150,000
Turnover 1.20
Average operating assets $ 150,000
Calculate the return on investment (ROI) for this year.

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