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The Great Barrier Reef Coral Dive Company Reported EBIT of $30,000

Question 28

Multiple Choice

The Great Barrier Reef Coral Dive company reported EBIT of $30,000 and sales of $375,000 in 2010. Its asset base grew from $250,000 at the beginning of the year to $350,000 by 31st December 2010. What is its 2010 ROI?


A) 12%
B) 8.57%
C) 10%
D) 8%
E) None of the above.

Correct Answer:

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