Joseph Company Has an Investment in Assets of $450,000,operating Income

question 114

Multiple Choice

Joseph Company has an investment in assets of $450,000,operating income that is 10% of sales,and an ROI of 18%.From this information the amount of operating income would be:

• A) $81,000.
• B) $45,000.
• C) $2,500,000.
• D) Impossible to determine from the information given.

---

Definitions:

Lien

A legal right or claim against a property by a creditor, ensuring payment of a debt or fulfillment of an obligation.

Judgment-Proof

Refers to a situation where an individual or entity has little to no attachable assets for creditors to claim in case of a lawsuit judgment against them.

Execution

The process of enforcing a court judgment or the carrying out of a legal document’s instructions.

Guarantor

A person or entity that agrees to be responsible for another's debt or performance under a contract if the original party fails to meet their obligations.