Question
QUESTION 14 Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000. What is Planet'sreturn on investment (ROI)? (Note:
QUESTION 14
Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000. What is Planet'sreturn on investment (ROI)? (Note: Round answer to two decimal places.)
a.9.60%
b.20.60%
c.25.50%
d.5.80%
e.4.50%
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
