Question
Martin Company reported net income of 15,000 on gross sales of 80,000. The company has total assets of 135,000, of which 102,000 is property, plant
Martin Company reported net income of 15,000 on gross sales of 80,000. The company has total assets of 135,000, of which 102,000 is property, plant and equipment. What is the company's return on investment?
A. 18.8 percent
B. 11.1 percent
C. 14.7 percent
D. 12.5 percent
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Bookkeeping And Auditing A Career Guide
Authors: Harry Watts
1st Edition
1639878106, 1639878106
