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Florida Incorporated has sales revenue of $758,000 resulting in net operating income of $86,250. Average invested assets total $375,000 and the cost of capital is

Florida Incorporated has sales revenue of $758,000 resulting in net operating income of $86,250. Average invested assets total $375,000 and the cost of capital is 19%. What is the return on investment? Multiple Choice 23.00% $71,250 $48,750 11.38%

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