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Martin Company reported net income of $16,000 on gross sales of $88,000. The company has average total assets of $123,200, of which $108,000 is
Martin Company reported net income of $16,000 on gross sales of $88,000. The company has average total assets of $123,200, of which $108,000 is property, plant and equipment. What is the company's return on investment? (Round your answer to 2 decimal places.) Multiple Choice 12.99% 71.43% 18.18% 14.81%
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
