Hi expert please give me answer general accounting Phoenix Industries had $875,000 in invested assets, salesof $1,520,000, income from operations amounting to$182,000 and a desired minimum rate of return of 12%.The rate of return on investment for Phoenix Industriesis: (Round the percentage to one decimal place.)a. 24.5%b. 20.8%c. 15.9%d. 12.0%

Step 1: Definition of Rate of Return on Investment (ROI)The Rate of Return on Investment (ROI)…

Answered: Phoenix Industries had $875,000 in…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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