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Sunshine Sports Equipment Company manufactures fitness equipment. Last year, sales were $5,000,000, operating income was $800,000, and the assets used were $2,000,000. The return on investment (ROI) is: a. 30% b. 40% c. 45% d. 50%

Sunshine Sports Equipment Company manufactures fitness equipment. Last year, sales were $5,000,000, operating income was $800,000, and the assets used were $2,000,000. The return on investment (ROI) is: a. 30% b. 40% c. 45% d. 50%

Survey of Accounting (Accounting I)
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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Sunshine Sports Equipment Company manufactures fitness equipment. Last year, sales were $5,000,000, operating income was $800,000, and the assets used were $2,000,000. The return on investment (ROI) is: a. 30% b. 40% c. 45% d. 50%
Transcribed Image Text:Sunshine Sports Equipment Company manufactures fitness equipment. Last year, sales were $5,000,000, operating income was $800,000, and the assets used were $2,000,000. The return on investment (ROI) is: a. 30% b. 40% c. 45% d. 50%
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