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Kramer Candy Corporation desires a 11% return on investment (ROI) on all operations. The following...

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Question

Accounting

Kramer Candy Corporation desires a 11% return on investment (ROI) on all operations. The following information was available for the company in 2014: Sales $30,000 Operating Income $ 5,600 Turnover 0.5 What is the corporation's ROI?

answer choices:

-18.67%

-12.67%

-Impossible to determine from the information given.

-9.33%

Answer & Explanation Solved by verified expert
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