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Sales and average operating assets for Company P and Company Q are given below: Sales Average Operating Asset Company P $21,280 $11,200 Company Q $100,340
Sales and average operating assets for Company P and Company Q are given below: |
Sales | Average Operating Asset | |
Company P | $21,280 | $11,200 |
Company Q | $100,340 | $17,300 |
What is the margin that each company will have to earn in order to generate a return on investment of 16%? (Round your intermediate calculations and final answer to 2 decimal places.) |
1.90% and 5.80% | |
8.42% and 2.76% | |
11.18% and 13.94% | |
58.00% and 116.00% |
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