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The Everest Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,030,000. What is the rate of return on investment

The Everest Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,030,000. What is the rate of return on investment (ROI)?

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4.3%

7.8%

16.0%

48.5%

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