Avey Corporation had $275,000 in invested assets, sales of $330,000, income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avey Corporation is:
A) 8%
B) 10%
C) 18%
D) 7.5%

Question

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The Answer of Avey Corporation had $275,000 in invested assets, sales of $330,000, income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avey Corporation is:
A) 8%
B) 10%
C) 18%
D) 7.5%

Avey Corporation Had $275,000 in Invested Assets, Sales of $330,000