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Varal Co. had sales of $2,500,000, total assets of $2,000,000 and owners equity of $1,000,000. Operating profit was $250,000 and net income (after tax and
Varal Co. had sales of $2,500,000, total assets of $2,000,000 and owners equity of $1,000,000. Operating profit was $250,000 and net income (after tax and interest) was $200,000. Return on investment (or return on owners equity) was ____________. 1 point 10.0% 12.5% 15.0% 20.0% none of the listed answers
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