te Light is a residential lighting company that produces lighting for dream homes. In the prior period, Infinite Light had an operating income of $578,000, sales revenue of $9,275,000, and total assets of $2,525,000. The company’s target rate of return is 24% An angel investor offered the company an investment that would yield 25%. Which of the following statements is correct? A. For each dollar of capital invested, $0.23 of operating income is generated. B. For each dollar of capital invested, $0.06 of operating income is generated. C. For each dollar of capital invested, $0.23 of sales revenue is generated. D. For each dollar of operating income invested, $0.23 of sales re
A(please answer fast).
Infinite Light is a residential lighting company that produces lighting for dream homes. In the prior period, Infinite Light had an operating income of $578,000, sales revenue of $9,275,000, and total assets of $2,525,000. The company’s target
Which of the following statements is correct?
A.
For each dollar of capital invested, $0.23 of operating income is generated.
B.
For each dollar of capital invested, $0.06 of operating income is generated.
C.
For each dollar of capital invested, $0.23 of sales revenue is generated.
D.
For each dollar of operating income invested, $0.23 of sales revenue is generated.
E.
For each dollar of sales revenue generated, $3.67 of operating income is generated.
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