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Kramer Candy Corporation desires a 11% ROI on all operations. The following information was available for the company in 2012: Sales $18,000 Operating Net Income

Kramer Candy Corporation desires a 11% ROI on all operations. The following information was available for the company in 2012:

Sales $18,000
Operating Net Income $ 4,400
Investment turnover 0.5

What is the corporation's ROI? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

18.44%

9.00%

12.22%

24.44%

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