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The contribution margin at Approval, Inc. was calculated to be 20% when sales were $403,000, net operating income was $80,600, and average operating assets
The contribution margin at Approval, Inc. was calculated to be 20% when sales were $403,000, net operating income was $80,600, and average operating assets were $128,000. What was Approval Inc.'s return on investment (ROI)? Multiple Choice 20.0% 0.3% C 3.2% 63.0%
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