Blaser Corporation had $1,021,000 in invested assets, sales of $1,293,000, income from operations amounting to $205,000 and a desired minimum rate of return of 13%. The rate of return on investment for Blaser Corporation is Round the percentage to one decimal place. a. 15.9% b. 20.1% c. 12.7% d. 24.1%

Question

Kadence

Business

7 July, 08:19

Blaser Corporation had $1,021,000 in invested assets, sales of $1,293,000, income from operations amounting to $205,000 and a desired minimum rate of return of 13%. The rate of return on investment for Blaser Corporation is Round the percentage to one decimal place. a. 15.9% b. 20.1% c. 12.7% d. 24.1%

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Answers (1)

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Alfredo Hammond · Answer 1

correct answer is option B

Explanation:

GIVEN dа ta:

Net income is $205,000

sales is $1,293,000

investment in assets is $1,021,000

rate of return on investment for blase corporation = (net income) / (investment in assets)

rate of return = (2,05,000 / 10,21,000) * 100

rate of return = 20%

therefore correct answer is option B