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Westbrook Corporation reported a net income of $28,500 on gross sales of $125,000. The company has average total assets of $190,000 of which $165,000 is property, plant, and equipment. What is the company's return on investment? a) 22.8% b) 17.3% c) 15.0% d) 12.6%

Westbrook Corporation reported a net income of $28,500 on gross sales of $125,000. The company has average total assets of $190,000 of which $165,000 is property, plant, and equipment. What is the company's return on investment? a) 22.8% b) 17.3% c) 15.0% d) 12.6%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Westbrook Corporation reported a net income of $28,500 on gross sales of $125,000. The company has average total assets of $190,000 of which $165,000 is property, plant, and equipment. What is the company's return on investment? a) 22.8% b) 17.3% c) 15.0% d) 12.6%
Transcribed Image Text:Westbrook Corporation reported a net income of $28,500 on gross sales of $125,000. The company has average total assets of $190,000 of which $165,000 is property, plant, and equipment. What is the company's return on investment? a) 22.8% b) 17.3% c) 15.0% d) 12.6%
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