Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Can you please help with this question, thank you! The following information regarding Angel, Inc. is available: Sales $ 1,440,000 Cost of goods sold $

Can you please help with this question, thank you!

image text in transcribed

The following information regarding Angel, Inc. is available: Sales $ 1,440,000 Cost of goods sold $ 630.000 Operating expenses $ 540,000 Operating income $ 270,000 Average invested capital $ 2,062,500 What is the return on investment for Angel, Inc.? (Round your percentage answer to the nearest whole number.) O 70% O 19% O 13% O 9%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Cost Accounting

Fundamentals Of Cost Accounting

Authors: William Lanen, Shannon Anderson

2nd Edition

0071332618, 978-0071332613

More Books

Students also viewed these Accounting questions

Question

★★★★★

Business Week reported that business executives want to break down the obstacles that keep them from communicating directly with stock owners. Ms. Borrus reports that 80% of shareholders hold stock...

Answered: 1 week ago

Question

★★★★★

Why does the centrifugal potential force the 3d electrons further from the nucleus than the 3s electrons?

Answered: 1 week ago

Question

★★★★★

Describe and give examples of strategies for designing and selecting samples, including probability based, theoretical-purposive, and convenience sampling, as well as for sampling for complex designs...

Answered: 1 week ago

Question

★★★★★

There are three factories on the Momiss River. Each emits two types of pollutants, labeled P1 and P2, into the river. If the waste from each factory is processed, the pollution in the river can be...

Answered: 1 week ago

Question

★★★★★

Consider a version of MergeSort that does a 1/3-2/3 split, instead of in halves. Meaning, the left subarray will be the first third of elements, and the right array is formed by the remaining...

Answered: 1 week ago

Question

★★★★★

ABC Inc purchased a machine on January 1, 2015, for $111,433. At the time of purchase, the machine was estimated to have a life of seven years and a residual value of $37,750. On January 1 2017, the...

Answered: 1 week ago

Question

★★★★★

Based on the figure below, which country has the riskiest surplus/deficit as a percentage of GDP ratio? Italy Netherlands Switzerland

Answered: 1 week ago

Question

★★★★★

Describe an instance of Strategic Corporate Philanthropy. Please include the following elements: What type of philanthropy did they engage in? Who were the recipients? Why was it strategic? Make sure...

Answered: 1 week ago

Question

★★★★★

ASSIGNMENT: For this assignment, you will serve in the hypothetical role of HR Specialist and external consultant who is tasked with developing a performance evaluation strategy for the job on which...

Answered: 1 week ago

Question

★★★★★

what is meaning by the terms margin and turnover in ROI calculations

Answered: 1 week ago

Question

★★★★★

We would like to target some subset of the huge number of visitors to our main retail web page with a new special offer. Instead of the normal early May special offer of a discounted flower bouquet...

Answered: 1 week ago

Question

★★★★★

7. Develop a circular model, with positive and negative feedback loops, showing the following critical variables:

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Previous Question Next Question