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Wilson Manufacturing reported a net income of $48,600 on gross sales of $360,000. The company has average total assets of $324,000 of which $280,000 is property, plant, and equipment. What is the company's return on investment? a) 13.5% b) 17.4% c) 15.0% d) 20.2%

Wilson Manufacturing reported a net income of $48,600 on gross sales of $360,000. The company has average total assets of $324,000 of which $280,000 is property, plant, and equipment. What is the company's return on investment? a) 13.5% b) 17.4% c) 15.0% d) 20.2%

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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Wilson Manufacturing reported a net income of $48,600 on gross sales of $360,000. The company has average total assets of $324,000 of which $280,000 is property, plant, and equipment. What is the company's return on investment? a) 13.5% b) 17.4% c) 15.0% d) 20.2%
Transcribed Image Text:Wilson Manufacturing reported a net income of $48,600 on gross sales of $360,000. The company has average total assets of $324,000 of which $280,000 is property, plant, and equipment. What is the company's return on investment? a) 13.5% b) 17.4% c) 15.0% d) 20.2%
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