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Napoli Tours, Inc. is a tour organizer for tours of Italy. The company has sales revenue of $508,000 resulting in operating income of $59,000. Average
Napoli Tours, Inc. is a tour organizer for tours of Italy. The company has sales revenue of $508,000 resulting in operating income of $59,000. Average invested assets total $601,000, and the cost of capital is 6%. Calculate the return on investment if sales increase by 10% and the profit margin and invested assets remain the same.
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