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:

Capital Goods

These are physical assets used in the production process to manufacture goods and services, including buildings, machinery, and equipment.

Consumer Goods

Products and services that are consumed or used by individuals, as opposed to those purchased by businesses or industries.

Technological Improvements

Enhancements and innovations in technology that increase productivity, efficiency, or value in processes or products.

Additional Resources

Refers to extra assets or inputs available that can be used to enhance the production or efficiency of something.