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Type y Randall Company makes and distributes outdoor play equipment. Last year sales were $4,800,000, operating income was $1,200,000, and the assets used were $6,000,000.
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Randall Company makes and distributes outdoor play equipment. Last year sales were $4,800,000, operating income was $1,200,000, and the assets used were $6,000,000. Return on sales, the efficiency component of return on investment (ROI), is:
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