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 investment was:
A) 21.67%
B) 15.25%
C) 15.4%
D) 17.5%
Correct Answer:
Verified
Correct Answer:
Verified
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