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Dantone, Inc. provides the following information: Profit margin ratio 66% Asset turnover ratio 33 times Net sales $ 400 comma 000$400,000 Target rate of return
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Dantone, Inc. provides the following information:
| Profit margin ratio | 66% |
| Asset turnover ratio | 33 times |
| Net sales | $ 400 comma 000$400,000 |
| Target rate of return | 88% |
Calculate the return on investment.
A.
4848%
B.
1818%
C.
22%
D.
1414%
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Understanding And Auditing IT Systems Volume 1
Authors: Young-Woon Min
2nd Edition
978-1257124084
