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Last year, a company had shareholders' equity of $ 1 6 0 , 0 0 0 , operating income of $ 1 6 , 0

Last year, a company had shareholders' equity of $160,000, operating income of $16,000, and sales of $100,000. The turnover was 0.5. What was the return on investment (ROI)? Multiple Choice 9%8%7%10%

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