Multiple Choice
The Monticello Company reported net income of $14,400 on gross sales of $80,000. The company has total average assets of $115,200, of which $100,000 is property, plant and equipment. What is the company's return on investment?
A) 69.4%
B) 18.0%
C) 14.5%
D) 12.5%
Correct Answer:
Verified
Correct Answer:
Verified
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