Noble Corporation had sales of $3,000,000 and operating income of $500,000.Noble also had $900,000 of assets on January 1 and $800,000 on December 31.What is the corporation's ROI for the year?
A) 26.7%
B) 35.3%
C) 58.8%
D) 59.9%
Correct Answer:
Verified
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