Multiple Choice
The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's rate of return on investment?
A) 56%
B) 20%
C) 45%
D) 25%
Correct Answer:
Verified
Correct Answer:
Verified
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