Question
Blaser Corporation had $1,029,000 in invested assets, sales of $1,284,000, operating income amounting to $247,000 , and a desired minimum return on investment of 15%.
Blaser Corporation had $1,029,000 in invested assets, sales of $1,284,000, operating income amounting to $247,000 , and a desired minimum return on investment of 15%. The return on investment for Blaser Corporation is
Round the percentage to one decimal place.
a.24.0%
b.15.4%
c.19.2%
d.28.8%
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
Auditing Fundamentals In A South African Context
Authors: Gerrit Penning, Rika Butler, Pieter Von Wielligh, Frans Prinsloo
2nd Edition
0190749040, 978-0190749040
