Solved

Reed Company's Sales Last Year Totaled $150,000 and Its Return

Question 63

Multiple Choice

Reed Company's sales last year totaled $150,000 and its return on investment (ROI) was 12%.If the company's turnover was 3,then its net operating income for the year must have been:


A) $6,000
B) $2,000
C) $18,000
D) it is impossible to determine from the data given.

Correct Answer:

verifed

Verified

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

Related Questions

Q58: The Consumer Products Division of Weiter Corporation

Q59: The West Division of Shekarchi Corporation had

Q60: Beall Industries is a division of

Q61: Estes Company has assembled the following data

Q62: Average operating assets are $110,000 and net

Q64: Saffer Corporation keeps careful track of the

Q65: Chace Products is a division of a

Q66: Niemiec Corporation keeps careful track of the

Q67: The Reed Division reports the following operating

Q68: Managers of cost centers are evaluated according