(Answered) Espinosa corporation had 118722500 in invested assets sales

Accounting

Espinosa Corporation had $1,187,225.00 in invested assets, sales of $1,294,616.00, income from operations amounting to $216,984.00, and a desired minimum rate of return of 14%.

What is the rate of return on investment for Espinosa (round to two decimal points)?

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