Express Logistics Provides the Following Information What Is the Company's Return on Investment? (Round Your Answer

question 36

Multiple Choice

Express Logistics provides the following information: $$\begin{array} { | l | r | } \hline \text { Operating income } & \$ 1,600,000 \\\hline \text { Net sales } & \$ 13,500,000 \\\hline \text { Average total assets } & \$ 1,950,000 \\\hline \text { Management's target rate of return } & 25 \% \\\hline\end{array}$$ What is the company's return on investment? (Round your answer to two decimal places.)

• A) 11.85%
• B) 14.44%
• C) 82.05%
• D) 25.00%

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