Use the Following Information for the Next 4 Questions

question 35

Multiple Choice

Use the following information for the next 4 questions.
Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%.
-The return on investment was

• A) 15.4%
• B) 21.67%
• C) 15.25%
• D) 17.5%

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Definitions:

Professional Photographer

An individual who earns their living through the art of taking photographs, often with a specific area of expertise such as weddings, portraits, or commercial work.

Trade Secret Violation

Unauthorized use or disclosure of a company's proprietary information without permission, which is illegal and unethical.

Unlawful Appropriation

Unlawful Appropriation refers to the illegal taking or use of another's property or funds without permission, often linked to embezzlement or theft.

Secret Formula

A proprietary methodology or recipe that is kept confidential and provides a competitive advantage.