Calculate the Return on Investment from the Information Given Below

question 31

Multiple Choice

Calculate the return on investment from the information given below. Net Income = $18,000; Advertising Expenses = $220,000; Total Liabilities = $120,000; Total Assets = $160,000; Gross Margin = $80,000; Taxes Paid = $2,000

• A)16.67 percent
• B)15 percent
• C)11.25 percent
• D)12.5 percent

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