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CS Company has a profit margin of 11%. Sales are $320,000, net operating income is $37,000, and average operating assets are $ 134,000. What
CS Company has a profit margin of 11%. Sales are $320,000, net operating income is $37,000, and average operating assets are $ 134,000. What is the company's return on investment (ROI)? (Please write the answer in decimal format and keep two decimals.)
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
