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Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $1,372,000 $ 144,060 $1,029,000 $ 535,080 $ 164,640 Return on

Given the following data: Average operating assets Total liabilities Sales Contribution margin Net operating income $1,372,000 $ 144,060 $1,029,000 $ 535,080 $ 164,640 Return on investment (ROI) is: Multiple Choice 16.0% 12.0% 52.0% 39.0%

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