Blaser Corporation had $1,016,000 in invested assets, sales of $1,244,000, income from operations amounting to $234,000 and a desired minimum rate of return of 15%. The rate of return on investment for Blaser Corporation is: (Round the percentage to one decimal place.) a. 27.6% b. 23.0% c. 18.8% d. 15.0%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter13: Capital Structure Concepts
Section: Chapter Questions
Problem 6P
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Blazer corporation had provided correct answer general accounting

Blaser Corporation had $1,016,000 in invested assets, sales of
$1,244,000, income from operations amounting to $234,000
and a desired minimum rate of return of 15%. The rate of return
on investment for Blaser Corporation is: (Round the percentage
to one decimal place.)
a. 27.6%
b. 23.0%
c. 18.8%
d. 15.0%
Transcribed Image Text:Blaser Corporation had $1,016,000 in invested assets, sales of $1,244,000, income from operations amounting to $234,000 and a desired minimum rate of return of 15%. The rate of return on investment for Blaser Corporation is: (Round the percentage to one decimal place.) a. 27.6% b. 23.0% c. 18.8% d. 15.0%
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