Blaser Corporation had $1,022,000 in invested assets, sales of $1,250,000, operating income amounting to $250,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is Round the percentage to one decimal place. a.16.0% b.24.5% c.29.4% d.20.0%

Blaser Corporation had $1,022,000 in invested assets, sales of $1,250,000, operating income amounting to $250,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is Round the percentage to one decimal place. a.16.0% b.24.5% c.29.4% d.20.0%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...

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Question

Round the percentage to one decimal place.

a.16.0%

b.24.5%

c.29.4%

d.20.0%

Formula Formula ROI (%) = Net Income Principal Amount × 100

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