Campbell Candy Corporation desires a 13% return on investment (ROI) on all operations. The following information was available for the company for the current year: $\begin{array}{llr}
\text { Sales } &\$16,000\
\text { Operating income} &\$4,200\
\text { Turnover } &0.5
\end{array}$
What is the corporation's ROI? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
A) 13.13%
B) 20.25%
C) 26.25%
D) Impossible to determine from the information given.

Question

Campbell Candy Corporation desires a 13% return on investment (ROI) on all operations. The following information was available for the company for the current year: $\begin{array}{llr}
  \text { Sales } &\$16,000\
 \text {  Operating income} &\$4,200\
 \text { Turnover } &0.5
\end{array}$
 What is the corporation's ROI? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
A) 13.13%
B) 20.25%
C) 26.25%
D) Impossible to determine from the information given.

Quizplus · Accepted Answer

ROI = Operating income / Sales * Turnover= 4,200 / 16,000 * 0.5= 13.125%

Campbell Candy Corporation Desires a 13% Return on Investment (ROI) Sales $16,000 Operating income$4,200 Turnover 0.5\begin{array}{llr} \text { Sales } &\$16,000\\ \text { Operating income} &\$4,200\\ \text { Turnover } &0.5\end{array} Sales Operating income Turnover ​$16,000$4,2000.5​

Campbell Candy Corporation Desires a 13% Return on Investment (ROI) $\begin{array}{llr} \text { Sales } &\$16,000\\ \text { Operating income} &\$4,200\\ \text { Turnover } &0.5\end{array}$