Question
Sales and average operating assets for Wyeth Company and Genesis Company are given below: SalesAverage Operating Assets Wyeth Company $22,600 $14,500 Genesis Company $56,500 $12,600
Sales and average operating assets for Wyeth Company and Genesis Company are given below:
SalesAverage Operating Assets
Wyeth Company $22,600 $14,500
Genesis Company $56,500 $12,600
What is the margin that each company will have to earn in order to generate a return on investment of 15%?
a. 1.6 % and 4%.
b. 56% and 100%.
c. 10% and 3%.
d. 5% and 26%.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
