Bede’s Company's sales last year totaled £150,000 and its return on investment (ROI) was 12%. If the company's turnover was 3, then its net income for the year must have been: a. £6,000. b. £2,000. c. £18,000. d. it is impossible to determine from the data given

Bede’s Company's sales last year totaled £150,000 and its return on investment (ROI) was 12%. If the company's turnover was 3, then its net income for the year must have been: a. £6,000. b. £2,000. c. £18,000. d. it is impossible to determine from the data given

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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

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