Answered: Shandling Company had operating income…

Shandling Company had operating income of $70,000, sales of $218,750, and turnover of 0.5. What is Shandling's ROI? 64% 50% Cannot be determined from this information. 32% 16%

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Question

Shandling Company had operating income of $70,000, sales of $218,750, and turnover of 0.5. What is Shandling's ROI?

64%

50%

Cannot be determined from this information.

32%

16%

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