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Given the following information for Mako Company please answer the following questions: ...

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Question

Accounting

Given the following information for Mako Company please answer the following questions:

Sales $500,000
Turnover 3
Margin 0.15
Desired Rate of Return 20%

What is the Return on Investment?

Multiple Choice

  • 45%

  • 18%

  • 20%

  • 60%

Answer & Explanation Solved by verified expert
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