Question
Question 24 For a particular year, a business has operating income of $600,000, revenues of $2,400,000, total assets of $2,000,000 and a return on investment
Question 24
For a particular year, a business has operating income of $600,000, revenues of $2,400,000, total assets of $2,000,000 and a return on investment (ROI) of 15%. Based on the information provided, in order to increase the ROI to 25%, which of the following investment turnovers would need to be achieved?
| a. | 0.75 | |
| b. | 1 | |
| c. | 1.5 | |
| d. | 2 | |
| e. | None of the answers. |
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Managerial Accounting The Cornerstone Of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
8th Edition
0357715349, 978-0357715345
