Question
Avey Corporation had $475,000 in invested assets, sales of $530,000, income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%.
Avey Corporation had $475,000 in invested assets, sales of $530,000, income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avey Corporation is:
Question 20 options:
| 10.42% | |
| 9.34% | |
| 15.00% | |
| 8.60% |
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Management Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie McLaney
6th Edition
0273731521, 9780273731528
