Given the following information for Mako Company please answer the following questions:
| Sales | $500,000 |
| Turnover | 3 |
| Margin | 0.15 |
| Desired Rate of Return | 20% |
What is the Return on Investment?
Multiple Choice
45%
18%
20%
60%
Margin=Net operating income/Sales
turnover=Sales/Average operating assets
ROI=Net operating income/Average operating assets
=Margin*Turnover
=(3*15)
=45%
Given the following information for Mako Company please answer the following questions: Sales $500,000 Turnover 3...
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I really need a help please. Thank you.
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