Dantone,Inc Calculate the Return on Investment

question 84

Multiple Choice

Dantone,Inc.provides the following information: $$\begin{array} { | l | r | } \hline \text { Profit margin ratio } & 5 \% \\\hline \text { Asset turnover ratio } & 2 \text { times } \\\hline \text { Net sales } & \$ 450,000 \\\hline \text { Target rate of return } & 9 \% \\\hline\end{array}$$ Calculate the return on investment.

• A)10%
• B)45%
• C)4%
• D)14%

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