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. $10,000
B. $20,000
C. $30,000
D. $40,000
E. none of the above
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Fundamentals Of Advanced Accounting
Authors: Joe Hoyle
4th Edition
78136636, 978-0078136634
