Campbell Candy Corporation desires a 14% return on investment (ROI) on all operations. The following information was available for the company for the current year: Sales $ 14,000 Operating income $ 4,000 Turnover 0.5 What is the corporation's ROI? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Multiple Choice
A. 28.57%
B. 22.57%
C. 14.29%
D. Impossible to determine from the information given.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Campbell Candy Corporation desires a 14% return on investment (ROI) on all operations. The following information was available for the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following costs are not included in finished goods inventory?
Answers (1)
Which of these describes how a fixed-rate mortgage works? The property taxes on a fixed-rate mortgage never get any higher The purchase price of the house never goes up with a fixed rate mortgage The monthly payment of a fixed rate mortgage never
Answers (1)
According to marshall mcluhan, what created the "global village"?
Answers (1)
Is a promise to refrain from doing an unlawful act and, therefore, is a promise that will not support a contract. a. preexisting duty b. illusory promise c. illegal consideration d. gift promise?
Answers (2)
A gifted depreciable business equipment to her brother. how do you report it if brother sells the equipment
Answers (1)
New Questions in Business
What payment type is best if you are trying to stick a budget
Answers (2)
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.
Answers (1)
Do you think it's necessary to have a love of sports to work in the Sports Industry?
Answers (2)
Aliyah earned a $6,000 bonus from her sales job for exceeding her sales goals. after paying taxes at a 30% rate, she invested the remaining money in two stocks.
Answers (1)
6. What is the correct way to punctuate the bold portion of this quotation? "Excuse me," the usher whispered I think you are sitting in the wrong seats." A. whispered. "I B. whispered", I C. whispered". I D. whispered" I
Answers (1)