Solved

Campbell Candy Corporation Desires a 16% Return on Investment (ROI)on  Sales $250,000 Operating Income $70,000 Tumover 0.6\begin{array} { l r r } \text { Sales } & \$ 250,000 \\\text { Operating Income } & \$ 70,000 \\\text { Tumover } & 0.6\end{array}

Question 36

Multiple Choice

Campbell Candy Corporation desires a 16% return on investment (ROI) on all operations.The following information was available for the company for the current year:  Sales $250,000 Operating Income $70,000 Tumover 0.6\begin{array} { l r r } \text { Sales } & \$ 250,000 \\\text { Operating Income } & \$ 70,000 \\\text { Tumover } & 0.6\end{array} What is the corporation's ROI?


A) 16.8%
B) 28%
C) 32%
D) Impossible to determine from the information given.

Correct Answer:

verifed

Verified

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

Related Questions