Multiple Choice
Fine Furnishings Pty Ltd earned residual income of $40 000 during the year. The net profit was $160 000 during the year and the cost of capital was 12 per cent. What was the return on investment for the year?
A) 9%
B) 12%
C) 16%
D) Insufficient information to determine
Correct Answer:
Verified
Correct Answer:
Verified
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