Question
Compute the return on investment (rounded to nearest percent) for the Tim Tom investment center as shown below. Tim Tom Subsidiary Total sales $1,600 Operating
Compute the return on investment (rounded to nearest percent) for the Tim Tom investment center as shown below.
| Tim Tom Subsidiary | |
| Total sales | $1,600 |
| Operating income | $180 |
| Average assets invested | $900 |
| Profit margin | ? |
| Asset turnover | ? |
| ROI | ? |
| A. | 20% | |
| B. | 17% | |
| C. | 14% | |
| D. | 11% |
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
