Rickett Company has operating income of $180,000. Its return on investment (ROI) is 30%, while its target rate of return is 12%. The total assets of Rickett Company would be closest to
A) $21,600.
B) $54,000.
C) $600,000.
D) $1,500,000.

Name: Rickett Company has operating income of $180,000. Its return on investment (ROI) is 30%, while its target rate of return is 12%. The total assets of Rickett Company would be closest to A) $21,600. B) $54,000. C) $600,000. D) $1,500,000.
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D)

Rickett Company Has Operating Income of $180,000