Question
Invested assets are $200,000; the minimum acceptable return on investment is 10%; operating income is $30,000; and sales are $400,000. The return on investment is
Invested assets are $200,000; the minimum acceptable return on investment is 10%; operating income is $30,000; and sales are $400,000. The return on investment is _____.
A. 0.075
B. 0.100
C. 0.150
D. 2.000
E. none of the above
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College Accounting Chapters 1-24
Authors: Tracie L Nobles, Cathy Scott
11th Edition
1111528306, 978-1111528300
