Question - Vatsala Company provides the following financial information:
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Income from operations
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$200,000
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Interest expense
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45,000
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Gains/(losses) on sale of equipment
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(2,500)
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Net income
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152,500
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Total assets at Jan 1
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2,600,000
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Total assets at Dec 31
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3,200,000
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Calculate return on investment based on the information given above?