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Calculate return on investment

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Reference no: EM132960018

Question - ABC Inc. provides the following financial information:

Income from operations $300,000

Interest expense 48,000

Gains/(losses) on sale of equipment 2,600

Net income 249,400

Total assets at Jan. 1 2,900,000

Total assets at Dec .31 3,500,000

Required - Calculate return on investment based on the information given above.

a. 10.34%

b.  7.79%

c. 8.57%

d. 9.38%

Reference no: EM132960018

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