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Grove Corp. has revenues of $1,549,000 resulting in an operating income of $160,000. Average invested assets total $800,000. Calculate the ROI if sales increase by
Grove Corp. has revenues of $1,549,000 resulting in an operating income of $160,000. Average invested assets total $800,000. 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.)
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