For the Most Recent Year, Robin Company Reports Operating Income

question 224

Multiple Choice

For the most recent year, Robin Company reports operating income of $660,000. Robin's sales margin is 7%, and capital turnover is 2.0. What is Robin's return on investment (ROI) ?

• A)4%
• B)7%
• C)2%
• D)14%

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Definitions:

Relative Poor

A condition where individuals or families have significantly less income or resources compared to the average in their society, making them relatively poor.

Labor Force

The total number of workers, including both the employed and those seeking employment, within an economy.

Income Inequality

The unequal distribution of income across various participants in an economy.

Minimum Wage Jobs

Positions of employment that pay the lowest legal amount permissible by law, often requiring unskilled labor.