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Which of the following formulas calculates the return on investment (ROI)? a. After-tax Operating Income / Total Capital Employed b. Residual Income / Sales c.

Which of the following formulas calculates the return on investment (ROI)?

a. After-tax Operating Income / Total Capital Employed

b. Residual Income / Sales

c. Total Capital Employed / Operating Income

d. Operating Income / Minimum Expected Return

e. Operating Income / Average Operating Assets

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