For the most recent year, Robin Company reports operating income of $660,000. Robin's sales margin is 7%, and capital turnover is 2.0. What is Robin's return on investment (ROI)? Question 15 options: 2% 7% 4% 14%
For the most recent year, Robin Company reports operating income of $660,000. Robin's sales margin is 7%, and capital turnover is 2.0. What is Robin's return on investment (ROI)? Question 15 options: 2% 7% 4% 14%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
For the most recent year, Robin Company reports operating income of $660,000. Robin's sales margin is 7%, and capital turnover is 2.0.
What is Robin'sreturn on investment (ROI)?
What is Robin's
Question 15 options:
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2%
|
|
7%
|
|
4%
|
|
14%
|
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