Following data is given for XYZ company:Sales$114,000Operating incomeTotal assets$39,900$71,250Return on investment for XYZ company is:a. 21.875%b. 56%с. 100%d. 10%

Return on Investment(ROI) is a performance measure that analyses the efficiency and profitability of…

Answered: Sales $114,000 $39,900 Operating income…

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Sales $114,000 $39,900 Operating income Total assets $71,250 Return on investment for XYZ company is:

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.2.1MBA

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Question

Following data is given for XYZ company:
Sales
$114,000
Operating income
Total assets
$39,900
$71,250
Return on investment for XYZ company is:
a. 21.875%
b. 56%
с. 100%
d. 10%

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