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Chow Company Has a Number of Investment Centers to Track

Question 56

Multiple Choice

Chow Company has a number of investment centers to track on a day-to-day basis. The following represent key figures related to one of Chow's investment centers for May 20xx:  Opereting income $6,000,000 Sales 15,000,000 Asset turnover 55%\begin{array} { | l | l | } \hline \text { Opereting income } & \$ 6,000,000 \\\hline \text { Sales } & 15,000,000 \\\hline \text { Asset turnover } & 55 \% \\\hline &\end{array} What is the investment center's ROI for May 20xx (rounded to two decimal places) ?


A) 27.5 percent
B) 33 percent
C) 55 percent
D) 22 percent

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