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The Strait Company had a target ROI of 15% and reported the following: Net income of $8,760 Liabilities of $48,000 Assets of $61,000 Equity of
The Strait Company had a target ROI of 15% and reported the following: Net income of $8,760 Liabilities of $48,000 Assets of $61,000 Equity of $13,000 What is the company's ROI? Convert your final answer to a percentage, round to one decimal place and enter without the "%" sign (e.g. a final answer of 0.105678 would be entered as 10.6)
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