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Grove Corp. has revenues of $1,502,000 resulting in an operating income of $160,000. Average invested assets total $776,000. Calculate the ROI if sales increase
Grove Corp. has revenues of $1,502,000 resulting in an operating income of $160,000. Average invested assets total $776,000. Calculate the ROI if sales increase by 10% and the profit margin and investment level remain constant. (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice 10.65% 21.28% 22.68% 11.34%
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