FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kramer Candy Corporation desires a 11% ROI on all operations. The following information was available for the company in 2012: Sales $24,000 Operating Net Income

Kramer Candy Corporation desires a 11% ROI on all operations. The following information was available for the company in 2012: Sales $24,000 Operating Net Income $ 5,000 Investment turnover 0.5 What is the corporation's ROI? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 20.83% 14.83% 10.42% 9.00%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Assurance Services And Forensics A Comprehensive Approach

Auditing Assurance Services And Forensics A Comprehensive Approach

Authors: Felix I. Lessambo

1st Edition

3319905201, 9783319905204

More Books

Students also viewed these Accounting questions

Question

★★★★★
The engagement partner agreed with Sessionss recommended approach. In planning the audit evidence for detailed inventory tests, the audit risk model was applied with the following results: TDR =...

Answered: 1 week ago

Question

★★★★★
which of the following is correct:If a complaint is so vague that the defendant cannot understand or respond to the claims, the appropriate motion for the defendant to file is a _____. a. motion to...

Answered: 1 week ago

Question

★★★★★
Mr. Winstel was worried about his former star student, Ramon. As the seventh-grade year progressed, Ramon was frequently being called into the principals office for skateboard stunts that broke...

Answered: 1 week ago

Question

★★★★★
The following information is available for Robstown Corporation for 20Y8: Instructions 1. Prepare the 20Y8 statement of cost of goods manufactured. 2. Prepare the 20Y8 income statement. Inventories...

Answered: 1 week ago

Question

★★★★★
Walsh Company manufactures and sells one product. The following information pertains to each of the companys first two years of operations: Variable costs per unit: Manufacturing: Direct materials $...

Answered: 1 week ago

Question

★★★★★
Question 3: Non-linear pricing (Type 2 PD) Hint: to do this vou will need to go through the rigorous calculus based approach in some detail - that is, slides 41-47 of Lecture 2 (Saravia Lecture...

Answered: 1 week ago

Question

★★★★★
A pony, tied to the end of a lead, can walk in a full circle, a distance of 56.55 meters. About how long is its lead? A. 28.3 meters B. 18.0 meters C. 9.0 meters D. 7.5 meters

Answered: 1 week ago

Question

★★★★★
2. For an idealized slipper-pad bearing, the bottom wall moves at a constant velocity U and the upper block is fixed. Both the moving and fixed walls are non- permeable. If the velocity within the...

Answered: 1 week ago

Question

★★★★★
4. The monthly profits of Hi-Mark corporation were organized into a frequency distribution. The mean of monthly profits was computed to be $105 600, the median $104 700, and the mode $104 200. (a)...

Answered: 1 week ago

Question

★★★★★
Ralph Young was a commercial tour boat operator on the northern coast of Kauai, Hawaii. He was licensed by the state of Hawaii to operate his boat in Hanalei Bay. The U . S . Department of...

Answered: 1 week ago

Question

★★★★★
A stainless-steel bar is heat up to 1400K and cooldown to improve the hardness of the metal is removed from an furnace and cool down by immersing it in 15 kg of water at 27C. appropriate constant...

Answered: 1 week ago

Question

★★★★★
A You know that both Ellen and Steve rely on you as a friend (and in Ellens case, as family). How can you maintain your relationships with both of them even as their relationship with each other is...

Answered: 1 week ago

Question

★★★★★
1. The engagement in and resolution of interpersonal conflict are often key factors in romantic comedies (like Life As We Know It and When Harry Met Sally), as well as in buddy-driven action films...

Answered: 1 week ago

Question

★★★★★
2. For an interesting look at conflict and debate, you need not search further than the U.S. Congress. Debates on the floor of the Senate and House of Representatives are broadcast on C-SPAN and...

Answered: 1 week ago

Previous Question Next Question