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Using the data on the financial statement from Joe and Ray, what is Ray's Return on Investment (ROI) a) .1388 b) .17 c) .25 d)

Using the data on the financial statement from Joe and Ray, what is Ray's Return on Investment (ROI)

a) .1388

b) .17

c) .25

d) .125

image text in transcribed

Joe Assets Equity Debt Operating Income Interest Net Income 1800 1800 0 250 0 Ray 1800 1000 800 250 80 250 170

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