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Outlet Company makes and distributes beach equipment. Last year its sales were $15,000,000, operating income was $1,500,000, and its asset turnover was 0.43. The return

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Outlet Company makes and distributes beach equipment. Last year its sales were $15,000,000, operating income was $1,500,000, and its asset turnover was 0.43. The return on investment was: Select one: a. 10% b. 23.3% c. 43% d. 10% e. 4.3%

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