Solved

Compute the Return on Investment (Rounded to Nearest Percent)for the Tim

Question 107

Multiple Choice

Compute the return on investment (rounded to nearest percent) for the Tim Tom investment center as shown below.  Tim Tom Subsidiary  Total sales $1,600 Operating income $180 Average assets invested $900 Profit margin ? Asset turnover ? ROI ?\begin{array}{lr} & \text { Tim Tom Subsidiary } \\\text { Total sales } & \$ 1,600 \\\text { Operating income } & \$ 180 \\\text { Average assets invested } & \$ 900 \\\text { Profit margin } & ? \\\text { Asset turnover } & ? \\\text { ROI } & ?\end{array}


A) 20%
B) 17%
C) 14%
D) 11%

Correct Answer:

verifed

Verified

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

Related Questions