Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 45

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% and asset turnover of 0.5. What was the firm's return on sales