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Assume a company reported the following results: Sales $ 4 0 0 , 0 0 0 Variable expenses 2 6 0 , 0 0 0

Assume a company reported the following results:
Sales $ 400,000
Variable expenses 260,000
Contribution margin 140,000
Fixed expenses 40,000
Net operating income $ 100,000
Average operating assets $ 550,000
The return on investment (ROI) is closest to:

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