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The Following Information Is Available for the Paul Ryan Company

Question 122

Multiple Choice

The following information is available for the Paul Ryan Company:
 Sales for year $150,000 Average invested capital for year $156,250 Returnon investment 10%\begin{array}{ll}\text { Sales for year } & \$ 150,000 \\\text { Average invested capital for year } & \$ 156,250 \\\text { Returnon investment } & 10 \%\end{array}
What is the return on sales?


A) 10.00%
B) 10.42%
C) 62.50%
D) 100.00%

Correct Answer:

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