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Frazier Company's revenues are $300 on $240 invested capital into operating assests. Expenses are currently 84% of sales. If Frazier Company can reduce its expenses
Frazier Company's revenues are $300 on $240 invested capital into operating assests. Expenses are currently 84% of sales. If Frazier Company can reduce its expenses to 70% of sales, return on investment will be ________.
A. 20%
B. 93.75%
C. 70%
D. 37.5%
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