The Martin Company reported net income of $15,000 on gross sales of $80,000.The company has average total assets of $135,000,of which $102,000 is property,plant,and equipment.What is the company's return on investment? (Rounded to the nearest decimal point.)

Question

Quizplus · Accepted Answer

The return on investment (ROI) is calculated by dividing the net income by the average total assets and then multiplying by 100 to get a percentage. ROI = ($15,000 / $135,000) * 100 = 11.1%.

The Martin Company Reported Net Income of $15,000 on Gross