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Tropic Corp. has sales revenue of $502,000 resulting in operating income of $62,000. Average invested assets total $609,000, and the cost of capital is 6%.

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Tropic Corp. has sales revenue of $502,000 resulting in operating income of $62,000. Average invested assets total $609,000, and the cost of capital is 6%. Calculate the return on investment if sales increase by 10% and the profit margin and invested assets remain the same. (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice 12.10% 10.18% 11.24% 7.30%

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