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Today at 12:27 AM
Business

Answered

Dantone,Inc.provides the following information:________________________________. Profit margin ratio 7% Asset turnover ratio 2 times Net sales $450,000 Target rate of return 9% Calculate the return on investment.
A) 4%
B) 45%
C) 10%
D) 14%

Answer :

jepessoa jepessoa

Today at 12:32 AM

Answer:

D) 14%

Explanation:

The return on investment (ROI) is a ratio that measures the net profit generated by an investment over the total cost of the investment.

you can calculate the return on investment by multiplying the profit margin ration by the asset turnover ratio = 7% x 2 = 14%

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