Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%. The return on investment was:
A)15.4%
B)21.67%
C)15.25%
D)17.5%

Question

Quizplus · Accepted Answer

The Answer of Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%. The return on investment was:
A)15.4%
B)21.67%
C)15.25%
D)17.5%