Hot Chocolate Manufacturing Company provides the following information.
$\begin{array} { l c }
\text { Sales } & \$ 100,000 \
\text { Operating profit } & 9,000 \
\text { Average operating assets } & 60,000 \
\text { Shareholders' equity } & 25,000 \
\text { Minimum required rate of return } & 10 \%
\end{array}$
Calculate the return on investment.

Question

Hot Chocolate Manufacturing Company provides the following information.
$\begin{array} { l c } 
\text { Sales } & \$ 100,000 \
\text { Operating profit } & 9,000 \
\text { Average operating assets } & 60,000 \
\text { Shareholders' equity } & 25,000 \
\text { Minimum required rate of return } & 10 \%
\end{array}$
Calculate the return on investment.

Quizplus · Accepted Answer

The Answer of Hot Chocolate Manufacturing Company provides the following information.
$\begin{array} { l c } 
\text { Sales } & \$ 100,000 \
\text { Operating profit } & 9,000 \
\text { Average operating assets } & 60,000 \
\text { Shareholders' equity } & 25,000 \
\text { Minimum required rate of return } & 10 \%
\end{array}$
Calculate the return on investment.

Hot Chocolate Manufacturing Company Provides the Following Information Calculate the Return on Investment