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Net operating income is income after interest and taxes. True False CS Company has a profit margin of 18%. Sales are $381,000, net operating income

Net operating income is income after interest and taxes.

True

False

CS Company has a profit margin of 18%. Sales are $381,000, net operating income is $68,580, and average operating assets are $128,000. What is the company's return on investment (ROI)?

3.0

18.0%

0.3

53.6%

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