Question 38

Reed Company reported total sales of $150,000 last year and a return on investment (ROI) of 12%. If the company's turnover was 3, what was the company's operating income for the year?

Question 38 options:

A)

$2,000.

B)

$6,000.

C)

$18,000.

D)

It is impossible to determine from the data given.