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Return on investment ( ROI ) is commonly expressed in each of the following ways, except ROI = Net income / ( ( Beginning of

Return on investment (ROI) is commonly expressed in each of the following ways, except
ROI = Net income /((Beginning of year total assets + end of year total assets)/2)
ROI= Operating income ?? Average operating assets
ROI= Net income ?? Average total assets
ROI = Net income ?? Average stockholders' equity
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