Try another version of this question Little Boats, Inc. had average total assets of $600,000, sales of $1.2 million, cost of goods sold of $720,000, and operating income of $120,000. The expected rate of return was 28.6%. What was the return on investment? 20.0% 10.0% 28.6% 40.0% Box 1: Select the best answer 20.0%
Try another version of this question
Little Boats, Inc. had average total assets of $600,000, sales of $1.2 million, cost of goods sold of $720,000, and operating income of $120,000. The expected rate of return was 28.6%. What was the return on investment?
20.0% 10.0% 28.6% 40.0%
Box 1: Select the best answer