Lewis Company Has Operating Income of $336,000

question 47

Multiple Choice

Lewis Company has operating income of $336,000. Its return on investment (ROI) is 48%, while its target rate of return is 10%. The total assets of Lewis Company would be closest to

• A)$33,600.
• B)$3,360,000.
• C)$161,280.
• D)$700,000.

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