Quantum Systems invested $650,000 in a new product line and earned a Net Income of $156,000. What is the Return on Investment (ROI)? A) 22.00% B) 24.00% C) 23.50% D) 24.50%

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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Quantum Systems invested $650,000 in a new product line and earned a Net
Income of $156,000. What is the Return on Investment (ROI)?
A) 22.00%
B) 24.00%
C) 23.50%
D) 24.50%
Transcribed Image Text:Quantum Systems invested $650,000 in a new product line and earned a Net Income of $156,000. What is the Return on Investment (ROI)? A) 22.00% B) 24.00% C) 23.50% D) 24.50%
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