Express Logistics provides the following information: $$\begin{array} { | l | r | }
\hline \text { Operating income } & \$ 1,500,000 \
\hline \text { Net sales } & \$ 13,500,000 \
\hline \text { Average total assets } & \$ 2,000,000 \
\hline \text { Management's target rate of return } & 25 \% \
\hline
\end{array}$$ What is the company's return on investment? (Round your answer to two decimal places.)
A)11.11%
B)14.81%
C)75.00%
D)25.00%

Question

Express Logistics provides the following information: $$\begin{array} { | l | r | } 
\hline \text { Operating income } & \$ 1,500,000 \
\hline \text { Net sales } & \$ 13,500,000 \
\hline \text { Average total assets } & \$ 2,000,000 \
\hline \text { Management's target rate of return } & 25 \% \
\hline
\end{array}$$ What is the company's return on investment? (Round your answer to two decimal places.)
A)11.11%
B)14.81%
C)75.00%
D)25.00%

Quizplus · Accepted Answer

The Answer of Express Logistics provides the following information: $$\begin{array} { | l | r | } 
\hline \text { Operating income } & \$ 1,500,000 \
\hline \text { Net sales } & \$ 13,500,000 \
\hline \text { Average total assets } & \$ 2,000,000 \
\hline \text { Management's target rate of return } & 25 \% \
\hline
\end{array}$$ What is the company's return on investment? (Round your answer to two decimal places.)
A)11.11%
B)14.81%
C)75.00%
D)25.00%

Express Logistics Provides the Following Information What Is the Company's Return on Investment? (Round Your Answer