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Estes Company had average operating assets of $4,000,000 and sales of $1,000,000 in 2002. If the controllable margin was $400,000, the ROI was a. 15%

Estes Company had average operating assets of $4,000,000 and sales of $1,000,000 in 2002. If the controllable margin was $400,000, the ROI was

a. 15%

b. 25%

c. 40%

d. 10%

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