Pierre's Ice Cream Company produces ultra-rich ice cream,which it sells in the Cleveland,Ohio,area.Last year,it managed to exceed its target return on investment (ROI) for the current fiscal year.The following results were found on its financial statements:
What was the actual ROI for Peirre's Ice Cream Company?
A) 6.67 percent
B) 10 percent
C) 22 percent
D) 28 percent
E) 100 percent
Correct Answer:
Verified
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