Answered: Miles Enterprises has a target rate of…

Miles Enterprises has a target rate of return of 8%, an ROI of 100%, and capital turnover of 5. The sales margin for Miles Enterprises may be closest to O A. 20%. OB. 2%. O C. 500%. O D. 40%.

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

Miles Enterprises has a target rate of return of 8%, an ROI of 100%, and capital turnover of 5. The sales margin for Miles Enterprises may be closest to
O O O O
O A. 20%.
2%.
B.
C.
D.
500%.
40%.

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