Huang Company Reported the Following Information for the Current Year $\begin{array}{lr}\text { Sales } & \$ 400,000 \\\text { Average operating assets } & \$ 250,000\\\text { Margin }&10\%\end{array}$

question 23

Multiple Choice

Huang Company reported the following information for the current year: $\begin{array}{lr}\text { Sales } & \$ 400,000 \\\text { Average operating assets } & \$ 250,000\\\text { Margin }&10\%\end{array}$ The company's return on investment was: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

• A) 10.00%.
• B) 6.25%.
• C) 16.00%.
• D) Cannot be ascertained from the information provided.

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Definitions:

Planning Function

A fundamental management activity that involves setting objectives and determining appropriate strategies and actions to achieve them.

Set Direction

The process by which leaders define goals, objectives, and the course of action to be taken to achieve desired outcomes.

Ensure Results

The act of making certain that planned outcomes or goals are achieved effectively.

Follow-through

The act of continuing an action or task until it is completed or fully achieved.