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Joseph Company has an investment in assets of $1,040,000, operating income that is 10% of sales, and an ROI of 20%. From this information the

Joseph Company has an investment in assets of $1,040,000, operating income that is 10% of sales, and an ROI of 20%. From this information the amount of operating income would be:

Joseph Company has an investment in assets of $1,040,000, operating income that is 10% of sales, and an ROI of 20%. From this information the amount of operating income would be:

$208,000

$223,000

$308,000

Cannot be determined from the information provided

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