Sullivan Enterprises had a sales margin of 5%, sales of $4,000,000, and invested capital of $5,000,000. The company's ROI was: a. 4.00%. b. 6.25%. c. 16.00%. d. 25.00%. e. None of the other answers are correct.

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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Sullivan Enterprises had a sales margin of 5%, sales of
$4,000,000, and invested capital of $5,000,000. The
company's ROI was:
a. 4.00%.
b. 6.25%.
c. 16.00%.
d. 25.00%.
e. None of the other answers are correct.
Transcribed Image Text:Sullivan Enterprises had a sales margin of 5%, sales of $4,000,000, and invested capital of $5,000,000. The company's ROI was: a. 4.00%. b. 6.25%. c. 16.00%. d. 25.00%. e. None of the other answers are correct.
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