Question
16. Invested assets are $200,000; the minimum acceptable return on investment is 10%; operating income is $30,000; and sales are $400,000. The return on investment
16. Invested assets are $200,000; the minimum acceptable return on investment is 10%; operating income is $30,000; and sales are $400,000. The return on investment is _____.
A. $10,000
B. $20,000
C. $30,000
D. $40,000
E. none of the above
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Financial Accounting The Basics
Authors: Ilias Basioudis
1st Edition
1138605514, 9781138605510
