Multiple Choice
Use the following information for the next 4 questions.
Teresa's Taco Co. 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) 7%
B) 6.1%
C) 38.5%
D) 3.25%
Correct Answer:
Verified
Correct Answer:
Verified
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