Multiple Choice
Answer the following questions using the information below:
Timothy Company has invested $1,000,000 in a plant to make vending machines. The target operating income desired from the plant is $150,000 annually. The company plans annual sales of 1,500 vending machines at a selling price of $1,000 each.
-What is the target rate of return on investment for Timothy Company?
A) 15.0%
B) 17.6%
C) 10.0%
D) 11.1%
Correct Answer:
Verified
Correct Answer:
Verified
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