Flingers Inc.reveals the following information in their annual report for FY 2014. Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?
A) 26%
B) 29%
C) 33%
D) 38%

Question

Flingers Inc.reveals the following information in their annual report for FY 2014.  Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?
A) 26% 
B) 29% 
C) 33% 
D) 38%

Quizplus · Accepted Answer

The Answer of Flingers Inc.reveals the following information in their annual report for FY 2014.  Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales.What will Flingers' return on assets figure be for 2015?
A) 26% 
B) 29% 
C) 33% 
D) 38%