Multiple Choice
Using the following information, calculate the return on investment.
Sales $100 000
Operating profit $6000
Profit margin 8%
Equity $25 000
Minimum required rate of return 10%
Turnover of assets 1.5 times p.a.
A) 10%
B) 22%
C) 8%
D) 12%
Correct Answer:
Verified
Correct Answer:
Verified
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