Question
Asked Nov 26, 2019
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Jamison Company has an investment in assets of $960,000 income that is 10% of sales, and an ROI of 16%. From this information the amount of income would be
Multiple Choice
$153,600.
$253,600
$168,600
impossible to determine from the information given.
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Jamison Company has an investment in assets of $960,000 income that is 10% of sales, and an ROI of 16%. From this information the amount of income would be Multiple Choice $153,600. $253,600 $168,600 impossible to determine from the information given.

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Expert Answer

Step 1

Given

Income is 10% of sales

ROI is 16%

Investment is $960,000.

&nb...

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Income ROI Investment 10%x sales 16%= $960,000 $960, 000x16% Sales 10% Sales $1,536,000

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