Win Corporation had the following data for the month of October: profit of $3,000,000; invested...
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Accounting
Win Corporation had the following data for the month of October: profit of $3,000,000; invested capital of $45,000,000; cost of purchase of a new machine in the current year is $750,000, and an increase in divisional profits of $55,000 due to the purchase of the new machine. The return on investment of the new machine in the first year is _____________.
| a. | 1.2% | |
| b. | 6.68% | |
| c. | 7% | |
| d. | 7.33% | |
| e. | None of the answers. |
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