Huang Company Reported the Following Information for the Current Year $\begin{array}{lr}\text { Sales } & \$ 870,000 \\\text { Average operating assets } & \$ 570,000\\\text { Margin }&10\%\end{array}$

question 64

Multiple Choice

Huang Company reported the following information for the current year: $\begin{array}{lr}\text { Sales } & \$ 870,000 \\\text { Average operating assets } & \$ 570,000\\\text { Margin }&10\%\end{array}$ The company's return on investment was: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

• A) 10.00%.
• B) 13.55%.
• C) 15.26%.
• D) Cannot be ascertained from the information provided.

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Definitions:

Commission

A fee paid to an agent or employee for facilitating a sale or transaction, typically calculated as a percentage of the sale.

Car Dealer

An organization that specializes in selling new or pre-owned automobiles directly to consumers, operating under a dealership agreement with a car manufacturer or its sales division.

Strike

A work stoppage initiated by employees to protest against working conditions, wages, or company policies, aiming to pressure the employer into negotiations.

Demand Period

A specific timeframe during which the demand for a product or service is assessed or observed.