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The manufacturing department of Closets! Closets! Closets! Inc. has current sales of $1,300,000, current operating...

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Accounting

The manufacturing department of Closets! Closets! Closets! Inc. has current sales of $1,300,000, current operating income of $182,000 and an investment turnover of 1.5. What is Closets! Closets! Closets! Inc's current return on investment (ROI)? Group of answer choices

28%

21%

9.3%

14%

Answer & Explanation Solved by verified expert
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