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Summa Inc. provided the following information: Profit Margin Ratio5% Investment Turnover2 times Net Sales$500,000 Target rate of return7% What is the return on investment (ROI)?

Summa Inc. provided the following information:

Profit Margin Ratio5%

Investment Turnover2 times

Net Sales$500,000

Target rate of return7%

What is the return on investment (ROI)? hint: use expanded formula

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