Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 20

Moore Money is a financial services firm specializing in fixed-income investments. You have been asked by the accounting manager to analyze the company's financial data from last quarter. You find the firm had return on investment (ROI) of 15 percent and asset turnover of 0.5. What was the firm's return on sales