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Pharoah Corporation had sales of $3006000 and operating income of $509387. Pharoah also had $912000 of assets on January 1 and $806000 on December 31.

Pharoah Corporation had sales of $3006000 and operating income of $509387. Pharoah also had $912000 of assets on January 1 and $806000 on December 31. What is the corporations ROI for the year?

35.0%

26.8%

59.3%

59.0%

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