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    Managerial Accounting Study Set 8
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    Exam 10: Performance Evalulation
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    Lewis Company Has Operating Income of $120,000
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Lewis Company Has Operating Income of $120,000

Question 154

Question 154

Multiple Choice

Lewis Company has operating income of $120,000. Its return on investment (ROI) is 40%, while its target rate of return is 7%. The total assets of Lewis Company may be closest to


A) $8400.
B) $1,714,286.
C) $48,000.
D) $300,000.

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