Question
33. Kramer Candy Corporation desires a 15% ROI on all operations. The following information was available for the company in 2012: Sales $33,000 Operating Net
33.
Kramer Candy Corporation desires a 15% ROI on all operations. The following information was available for the company in 2012:
| Sales | $33,000 |
| Operating Net Income | $ 5,900 |
| Investment turnover | 0.5 |
What is the corporation's ROI? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
| 17.88% | |
| 13.00% | |
| 11.88% | |
| 8.94% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Integral Audit Acceptions Objectives And Practices
Authors: David Pavón, Catalina Rueda
1st Edition
6206302083, 978-6206302087
