Com Goudl A co, reported the following: Sales $210,000, operating expenses $ 180,000 and average assets $200,000. They require a 15% return on investments. What is the retum on investment (ROI) ratio? 15% 14.29% 90% 12.5%

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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Com Goudl A co, reported the following:
Sales $210,000, operating expenses $
180,000 and average assets $200,000.
They require a 15% return on investments.
What is the retum on investment (ROI)
ratio? 15% 14.29% 90% 12.5%
Transcribed Image Text:Com Goudl A co, reported the following: Sales $210,000, operating expenses $ 180,000 and average assets $200,000. They require a 15% return on investments. What is the retum on investment (ROI) ratio? 15% 14.29% 90% 12.5%
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