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Veritas Technologies manufactures and sells data storage solutions. Last year, the company reported sales of $5,000,000, operating income of $1,200,000, and total assets employed of $4,800,000. What is the return on investment (ROI)? a. 30% b. 25% C. 20% d. 15%

Veritas Technologies manufactures and sells data storage solutions. Last year, the company reported sales of $5,000,000, operating income of $1,200,000, and total assets employed of $4,800,000. What is the return on investment (ROI)? a. 30% b. 25% C. 20% d. 15%

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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Veritas Technologies manufactures and sells data storage solutions. Last year, the company reported sales of $5,000,000, operating income of $1,200,000, and total assets employed of $4,800,000. What is the return on investment (ROI)? a. 30% b. 25% C. 20% d. 15%
Transcribed Image Text:Veritas Technologies manufactures and sells data storage solutions. Last year, the company reported sales of $5,000,000, operating income of $1,200,000, and total assets employed of $4,800,000. What is the return on investment (ROI)? a. 30% b. 25% C. 20% d. 15%
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