Use the following information for the next 4 questions.
Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%.
-The return on investment was
A) 15.4%
B) 21.67%
C) 15.25%
D) 17.5%

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The Answer of Use the following information for the next 4 questions.
Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%.
-The return on investment was
A) 15.4%
B) 21.67%
C) 15.25%
D) 17.5%

Use the Following Information for the Next 4 Questions