Question
Huang Company reported the following information for the current year: Sales $ 1,000,000 Average operating assets $ 700,000 Margin 8 % The company's return on
Huang Company reported the following information for the current year:
| Sales | $ | 1,000,000 | |
| Average operating assets | $ | 700,000 | |
| Margin | 8 | % | |
The company's return on investment was: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Multiple Choice
8.00%.
11.43%.
14.29%.
Cannot be ascertained from the information provided.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
