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Kanab Company makes and distributes outdoor play equipment. Last year sales were $4,800,000, operating income was $1,200,000, and the assets used were $6,000,000. Return on
Kanab Company makes and distributes outdoor play equipment. Last year sales were $4,800,000, operating income was $1,200,000, and the assets used were $6,000,000. Return on sales, the efficiency component of return on investment (ROI), is: Question 42Answer a. 20% b. 80% c. 25% d. 125%
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
