Trainor Logistics Provides the Following Information What Is the Company's Return on Investment? (Round Your Answer

question 48

Multiple Choice

Trainor Logistics provides the following information: $$\begin{array} { | l | r | } \hline \text { Operating income } & \$ 1,500,000 \\\hline \text { Net sales } & \$ 13,500,000 \\\hline \text { Average total assets } & \$ 2,000,000 \\\hline \text { Management's target rate of return } & 25 \% \\\hline\end{array}$$ What is the company's return on investment? (Round your answer to two decimal places. )

• A)11.11%
• B)14.81%
• C)75.00%
• D)25.00%

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Definitions:

Unemployment Rate

The level of unemployment within the labor force characterized by active job search efforts.

Inflation

The rate at which the average cost of goods and services ascends, leading to a decrease in monetary value over time.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting repayment in the future with interest.

Debtors

Individuals or entities that owe money to another entity, typically as a result of borrowing funds.