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The Gallop Company has an asset turnover of 6.0 times, using assets of $48,000. The company also has a return on investment (ROI) of 25%.

The Gallop Company has an asset turnover of 6.0 times, using assets of $48,000. The company also has a return on investment (ROI) of 25%. What was Gallop's operating profit margin?

Multiple Choice

a. 4.0%.

b. 5.0%.

c. 4.2%.

d. 19.8%.

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