Solved

Using the Information Provided by Tasco Sales, Calculate the Return

Question 15

Multiple Choice

Using the information provided by Tasco Sales, calculate the return on investment.
Sales $1 900 000
Operating profit 30 000
Average operating assets 600 000
Shareholders' equity 50 000
Minimum required rate of return 10%


A) 4%
B) 9%
C) 5%
D) 6%

Correct Answer:

verifed

Verified

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

Related Questions

Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) $0.75 B)

Q11: Rank these investments in order payback period

Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) 12% B)

Q13: In differential analysis irrelevant costs include costs

Q14: Which item is a non-cash expense?<br>A) Depreciation<br>B)

Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) $21 B)

Q17: Select the incorrect statement concerning the return

Q18: Equipment A costing $80 000 is expected

Q19: The time value of money concept is

Q20: Which of these represents the number of