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The following information regarding Brookes, Inc. is available:
SALES: $1,440,000
COGS: $630,000
Operating Expenses: $540,000
Operating Income: $270,000
Average invested capital: $2,062,500
Refer to the information above. What is the return on investment for Brookes, Inc. (round your answer to the nearest full percentage point)?
A. 70%.
B. 19%.
C. 13%.
D. 9%.

Respuesta :

Parrain

Answer: C. 13%

Explanation:

Return on Investment is the percentage received from the investment over the amount spent.

= Operating income / Average invested capital

= 270,000/2,062,500

= 13.09%

= 13%

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