Question
Jamison Company had sales revenue and operating expenses of $4,800,000 and $4,050,000, respectively, for the year just ended. If invested capital amounted to $5,800,000, the
Jamison Company had sales revenue and operating expenses of $4,800,000 and $4,050,000, respectively, for the year just ended. If invested capital amounted to $5,800,000, the firm's ROI was:
Multiple Choice
12.93%.
82.76%.
120.83%.
773.33%.
None of the answers is correct.
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
3rd Edition
0273688227, 978-0273688228
