Miles Company Had Average Operating Assets of $4,000,000 and Sales

question 158

Multiple Choice

Miles Company had average operating assets of $4,000,000 and sales of $2,000,000 in 2010. If the controllable margin was $400,000, the ROI was

• A) 50%
• B) 40%
• C) 20%
• D) 10%

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Definitions:

Alcoholic Fermentation

Fermentation pathway that produces ATP, carbon dioxide, and ethanol.

NADH

Nicotinamide adenine dinucleotide (NADH) is a coenzyme found in living cells that is used in energy production.

Alcoholic Fermentation

A biological process in which sugars are converted into cellular energy, producing ethanol and carbon dioxide as by-products, primarily by yeasts.

Photosynthesis

Metabolic pathway by which most autotrophs use sunlight to make sugars from carbon dioxide and water.