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Velocity Enterprises reported: Total Investment: $1,200,000 ⚫ Net Income: $180,000 Calculate the ROI. A) 12.50% B) 20.00% C) 17.50% D) 15.00%

Velocity Enterprises reported: Total Investment: $1,200,000 ⚫ Net Income: $180,000 Calculate the ROI. A) 12.50% B) 20.00% C) 17.50% D) 15.00%

Managerial Accounting
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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Velocity Enterprises reported: Total Investment: $1,200,000 ⚫ Net Income: $180,000 Calculate the ROI. A) 12.50% B) 20.00% C) 17.50% D) 15.00%
Transcribed Image Text:Velocity Enterprises reported: Total Investment: $1,200,000 ⚫ Net Income: $180,000 Calculate the ROI. A) 12.50% B) 20.00% C) 17.50% D) 15.00%
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