Pierre's Ice Cream Company produces ultra-rich ice cream.Last year,it managed to exceed its target ROI for the current fiscal year.The following results were found on its financial statements:
What was the actual return on investment (ROI)for Parrish Farms?
A)6.67 percent
B)10 percent
C)22 percent
D)28 percent

Question

Pierre's Ice Cream Company produces ultra-rich ice cream.Last year,it managed to exceed its target ROI for the current fiscal year.The following results were found on its financial statements: 
What was the actual return on investment (ROI)for Parrish Farms?
A)6.67 percent 
B)10 percent 
C)22 percent 
D)28 percent

Quizplus · Accepted Answer

ROI is net profits after taxes divided by total assets: $50,000 ÷ 500,000 = 10 percent.

Pierre's Ice Cream Company Produces Ultra-Rich Ice Cream