Campbell Candy Corporation desires a 16% return on investment (ROI) on all operations. The following information was available for the company for the current year:| $\begin{array}{llr}
\text { Sales } &\$250,000\
\text { Operating income} &\$70,000\
\text { Turnover } &0.6
\end{array}$
What is the corporation's ROI? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
A) 16.80%
B) 28.00%
C) 32.00%
D) Impossible to determine from the information given.

Question

Campbell Candy Corporation desires a 16% return on investment (ROI) on all operations. The following information was available for the company for the current year:| $\begin{array}{llr}
  \text { Sales } &\$250,000\
 \text {  Operating income} &\$70,000\
 \text { Turnover } &0.6
\end{array}$
 What is the corporation's ROI? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
A) 16.80%
B) 28.00%
C) 32.00%
D) Impossible to determine from the information given.

Quizplus · Accepted Answer

ROI = (Operating income / Sales) x Turnover= (70,000 / 250,000) x 0.6= 0.28 x 0.6= 0.168= 16.80%

Campbell Candy Corporation Desires a 16% Return on Investment (ROI) Sales $250,000 Operating income$70,000 Turnover 0.6\begin{array}{llr} \text { Sales } &\$250,000\\ \text { Operating income} &\$70,000\\ \text { Turnover } &0.6\end{array} Sales Operating income Turnover ​$250,000$70,0000.6​

Campbell Candy Corporation Desires a 16% Return on Investment (ROI) $\begin{array}{llr} \text { Sales } &\$250,000\\ \text { Operating income} &\$70,000\\ \text { Turnover } &0.6\end{array}$