For the past year, Rick's American Cafe recorded sales of $500,000 and average operating assets of $200,000.

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For the past year, Rick's American Cafe recorded sales of $500,000 and average operating assets of $200,000. What is the margin that Rick's needed to earn in order to achieve an ROI of 12%? a. 4.80% b. 30.20% c. 12.00% O d. 2.60%

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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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Posted Date: Jul 11, 2024 05:14 AM

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For the past year, Rick's American Cafe recorded sales of $500,000 and average operating assets of $200,000.

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Financial Accounting

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