Solved

Reed Company Reported Total Sales of $150,000 Last Year and a Return

Question 87

Multiple Choice

Reed Company reported total sales of $150,000 last year and a return on investment (ROI) of 12%.If the company's turnover was 3,what was the company's operating income for the year?


A) $2,000.
B) $6,000.
C) $18,000.
D) It is impossible to determine from the data given.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: <span class="ql-formula" data-value="\begin{array}{l}\text { The following information

Q83: <span class="ql-formula" data-value="\begin{array}{l}\text { Faust Company's quality

Q84: The Baily Division recorded operating

Q85: The Northern Division of the

Q86: Which of the following would be

Q88: The Post Division of the M.T.

Q89: How is a company's return on investment

Q90: Which of the following would be

Q91: Geneva Corporation has a Castings Division

Q92: Anderson Company has two Service Departments