The Nacho Division of the Tex-Mex Company Has a Return

question 100

Multiple Choice

The Nacho Division of the Tex-Mex Company has a return on investment (ROI) of 12%, sales of $200,000, and an asset turnover of 2.0. What was Nacho's operating income?

• A) $6,000.
• B) $12,000.
• C) $24,000.
• D) $48,000.

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Definitions:

Accurate Representation

A depiction or description that closely matches the true characteristics or facts of a subject.

Brains

The organ in the head of vertebrates that controls the body's functions and enables it to think, feel, and remember.

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Immanuel Kant

A German philosopher in the 18th century, known for his work in epistemology, ethics, and aesthetics, emphasizing duty, moral law, and the categorical imperative.