Solved

THN Corporation Reported Operating Income of $30,000, Revenue of $50,000

Question 2

Multiple Choice

THN Corporation reported operating income of $30,000, revenue of $50,000, and average operating assets of $40,000 for a recent year. Which of the following is true?


A) THN has an adequate return on investment
B) THN's return on sales was 1.67
C) THN's return on investment was 75%
D) THN's return on sales was 80%

Correct Answer:

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