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The Aveco Division of Clear Pty Ltd requires a 12% rate of return. During a recent year Aveco had a net profit of $500,000 and
The Aveco Division of Clear Pty Ltd requires a 12% rate of return. During a recent year Aveco had a net profit of $500,000 and a residual income of $300,000. What was its ROI?
a. 12%
b. 40%
c. 15%
d. 30%
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