Castor Company had income of $10,000, average assets of $100,000 and sales of $40,000. What is Castor's ROI?
A) 10%
B) 20%
C) 25%
D) 0.4%
E) 40%

Name: Castor Company had income of $10,000, average assets of $100,000 and sales of $40,000. What is Castor's ROI? A) 10% B) 20% C) 25% D) 0.4% E) 40%
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

ROI (Return on Investment) is calculated as (Net Income / Average Assets) * 100. So, for Castor Company, it's ($10,000 / $100,000) * 100 = 10%.

Castor Company Had Income of $10,000, Average Assets of $100,000