Question
Crowy Spectacles Inc desires a 14% return on investment (ROI) on all operations. The following information was available for the company for the current year:
Crowy Spectacles Inc desires a 14% return on investment (ROI) on all operations. The following information was available for the company for the current year:
| Sales | $ 14,000 |
|---|---|
| Operating Income | $ 4,000 |
| Turnover | 0.5 |
What is the corporation's ROI?
Note: Do not round intermediate calculation.
Group of answer choices
28.57%
22.57%
14.29%
Impossible to determine from the information given.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
9781119790976
