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Average operating assets are $400,000; the minimum rate of return is 5%; operating income is $100,000; and sales are $800,000. The return on investment is
Average operating assets are $400,000; the minimum rate of return is 5%; operating income is $100,000; and sales are $800,000. The return on investment is _____.
A) 12.5%
B) 25%
C) 50%
D) 200%
E) none of the above
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