Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$36,480,000 Net operating income$2,808,960 Average operating assets$8,000,000 The company's minimum required rate of return 16%?The division's turnover used to compute ROI is closest to:
A. 12.99
B. 4.56
C. 0.35
D. 3.37
Answer: B
Business
You might also like to view...
What is an example of an “ill-conceived goal” of the kind that can generate unethical behavior in employees?
a. unrealistic profit expectation b. yearly promotion c. reducing the company’s carbon footprint d. being competitive in the marketplace
Business
Pay is one of the five factors that have been associated with job satisfaction. Name the remaining four.
What will be an ideal response?
Business
Which of the following point estimators is the most efficient?
A) W B) X C) Y D) Z
Business
Maintenance requirements for margin accounts are set by ____.
A. brokerage firms B. the SEC C. the Federal Reserve System's Board of Governors D. the Supreme Court
Business