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I'm not sure if the answer I got is correct. Crimpson Company has invested $2,500,000 in a plant to make commercial juicer machines. The target
I'm not sure if the answer I got is correct.
Crimpson Company has invested $2,500,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $302,000 annually. The company plans annual sales of 7,300 juicer machines at a selling price of $500 each. What is the target rate of return on investment for Crimpson Company? O A. 12.1% OB. 9% OC. 8.3% OD. 10.1%Step by Step Solution
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