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Paraphin [41]
3 years ago
13

Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000. What is Planet's ret

urn on investment (ROI)
Business
1 answer:
Vadim26 [7]3 years ago
4 0

Answer:

36.36%

Explanation:

Return on investment is given as;

Profit / Cost of goods sold × 100%

Given that profit is $12,000 and sales is $45,000 ;

Cost of goods sold

= $45,000 - $12,000

= $33,000

Therefore, return on investment is

= 12,000 / 33,000 × 100%

= 36.36%

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Answer:

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The marketplace of ideas denotes to the thought and belief of the idea that the authenticity of the truth or its acceptance depends upon the level of competition which the ideas have with one another. This is irrespective of the view that the truth has been provided by the government or by any authority.

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