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Grove Corporation has sales revenue of $ 1 , 5 4 9 , 0 0 0 resulting in net operating income of $ 1 6

Grove Corporation has sales revenue of $1,549,000 resulting in net 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.
Note: Round your intermediate calculations and final answers to 2 decimal places.
Multiple Choice
11.00%
20.60%
10.33%
22.00%

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