Valley Manufacturing has $920,000 in invested assets and generated income from operations of $156,400. Their annual sales were $1,230,000, and their minimum required rate of return is 10%. What is Valley's rate of return on investment? (Round to one decimal place) Options: a. 15.2% b. 17.0% c. 12.7% d. 10.0%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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Hi expert please given answer accounting

Valley Manufacturing has $920,000 in invested assets and generated income
from operations of $156,400. Their annual sales were $1,230,000, and their
minimum required rate of return is 10%. What is Valley's rate of return on
investment? (Round to one decimal place)
Options:
a. 15.2%
b. 17.0%
c. 12.7%
d. 10.0%
Transcribed Image Text:Valley Manufacturing has $920,000 in invested assets and generated income from operations of $156,400. Their annual sales were $1,230,000, and their minimum required rate of return is 10%. What is Valley's rate of return on investment? (Round to one decimal place) Options: a. 15.2% b. 17.0% c. 12.7% d. 10.0%
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