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The Perez Company had a 10.0% return on a $116,000 Investment in new equipment. The investment resulted in increased sales, and the resultant increase in

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The Perez Company had a 10.0% return on a $116,000 Investment in new equipment. The investment resulted in increased sales, and the resultant increase in income amounted to 5% of sales. The turnover (asset utilization) was

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