Pigeon Forges' Stakeholders Require a 7% Rate of Return

question 53

Multiple Choice

Pigeon Forges' stakeholders require a 7% rate of return. The company currently has an ROI of 59.4% and a capital turnover of 3.6 What is Pigeon's sales margin?

• A)213.8%
• B)1)9%
• C)16.5%
• D)25.2%

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