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begin{tabular}{|l|} hline Question 3 hline Copr., Goedl SuperStore reported the following financial data for the most recent year end. Sales, $180,000; operating expenses
\begin{tabular}{|l|} \hline Question 3 \\ \hline Copr., Goedl SuperStore reported the following financial data for the most recent year end. Sales, \\ $180,000; operating expenses $150,000; average operating assets, $150,000; total liabilities, \\ $98,000. The company requires a minimum 15% return on investments. \\ The company is considering investing in a new cell phone vending machine that would cost $25,000. \\ The vending machine should generate an additional $19,000 in sales revenue and cost \\ approximately $14,500 to operate. \\ What is the return on investment (ROI) ratio on the potential vending machine investment? \\ \hline 20% \\ \hline 18% \\ \hline 15% \\ \hline 16.67% \end{tabular}
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