Martin Company reported net income of $14,900 on gross sales of $82,500. The company has average total assets of $117,700, of which $102,500 is property, plant and equipment. What is the company's return on investment? (Round your answer to 2 decimal places.)
A. 18.06%
B. 14.54%
C. 12.66%
D. 70.09%
Answer: C
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A) $896 B) $2240 C) $3136 D) $28
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Indicate whether the statement is true or false
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