Flamengo Co is a sporting goods manufacturing. It had an operating income of $57,000, sales of $222,000, and a turnover ratio of 0.55. What is Flamengo's return on investment (ROI)? (Note: Round all numbers to two decimal places.)

Flamengo Co is a sporting goods manufacturing. It had an operating income of $57,000, sales of $222,000, and a turnover ratio of 0.55. What is Flamengo's return on investment (ROI)? (Note: Round all numbers to two decimal places.)

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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Question

100%

Flamengo Co is a sporting goods manufacturing. It had an operating income of $57,000, sales of $222.000,
and a turnover ratio of 0.55. What is Flamengo's return on investment (ROI)? (Note: Round all numbers to
two decimal places.)
O 64.60%
O Flamengo's ROI cannot be determined from this information.
O 18.75%
O 50.60%
O 14.30%

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