$\text { Harstin Corporation has provided the following data for the past year: }$

question 16

Multiple Choice

$\text { Harstin Corporation has provided the following data for the past year: }$
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 625,000 \\\hline \text { Gross Margin } & \$ 70,000 \\\hline \text { Operating Income } & \$ 50,000 \\\hline \text { Shareholders' Equity } & \$ 90,000 \\\hline \text { Average Operating Assets } & \$ 250,000 \\\hline \text { Residual Income } & \$ 20,000\\\hline\end{array}$
-What was the return on investment for the past year?

• A) 8%.
• B) 20%.
• C) 28%.
• D) 36%.

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Definitions:

Paid Labor Force

Individuals who are engaged in work for which they receive monetary compensation, contributing to the formal economy.

Retirement

The phase of life after ending one's active working life, often involving receiving pensions or retirement benefits.

Involved Grandparenting

The active engagement and participation of grandparents in their grandchildren's lives, including caregiving and support.

Grandparents

Individuals who are the parents of one's parents, often playing significant roles in familial relationships and heritage.