The profit margin for Atlantic Division is 28% and the investment turnover is 2.8. What is the rate of return on investment for Atlantic Division?
A) 20%
B) 28%
C) 14%
D) 78.4%

Question

Quizplus · Accepted Answer

The rate of return on investment (ROI) is calculated by multiplying the profit margin by the investment turnover. Here, 28% (0.28) multiplied by 2.8 equals 78.4%.

The Profit Margin for Atlantic Division Is 28% and the Investment