Solved

The Following Information Pertains to Artemis Co Which of the Following Equations Should Be Used to Compute

Question 74

Multiple Choice

The following information pertains to Artemis Co.for the year ended December 31: (CPA adapted)
 Sales $600,000 Income $100,000 Capital investment $400,000\begin{array} { | l | r | } \hline \text { Sales } & \$ 600,000 \\\hline \text { Income } & \$ 100,000 \\\hline \text { Capital investment } & \$ 400,000 \\\hline\end{array} Which of the following equations should be used to compute Artemis' return on investment (ROI) ?


A) (4/6) × (6/1) = ROI
B) (6/4) × (1/6) = ROI
C) (4/6) × (1/6) = ROI
D) (6/4) × (6/1) = ROI

Correct Answer:

verifed

Verified

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

Related Questions