Tempest Enterprises had a sales margin of 10%, sales of $4,500,000, and invested...

90.2K

Verified Solution

Question

Accounting

Tempest Enterprises had a sales margin of 10%, sales of $4,500,000, and invested capital of $5,500,000. The company's ROI was:
Multiple Choice
8.18%.
10.43%.
10.00%.
12.22%.
None of the answers is correct.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students