Multiple Choice
Herbert Feigl Ltd had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%. The return on sales was:
A) 6.1%
B) 38.5%
C) 7%
D) 3.25%
Correct Answer:
Verified
Correct Answer:
Verified
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