Question
Joseph Company has an investment in assets of $450,000, income that is 10% of sales, and an ROI of 18%. From this information the amount
Joseph Company has an investment in assets of $450,000, income that is 10% of sales, and an ROI of 18%. From this information the amount of income would be:
$81,000.
$45,000.
$2,500,000.
Impossible to determine from the information given.
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Financial Accounting
Authors: Belverd E. Needles Jr,, Marian Powers
8th Edition
0618310746, 978-0618310746
