Last year, a company had stockholders' equity of $160,000, net operating income of $16,000, and sales of $100,000. The asset turnover was 0.5 and the return on investment (ROI) was:
A) 10%.
B) 9%.
C) 8%.
D) 7%.

Question

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The Answer of Last year, a company had stockholders' equity of $160,000, net operating income of $16,000, and sales of $100,000. The asset turnover was 0.5 and the return on investment (ROI) was:
A) 10%.
B) 9%.
C) 8%.
D) 7%.

Last Year, a Company Had Stockholders' Equity of $160,000, Net