Ding Company Had Operating Income of $140,000, Sales of $437,500

question 116

Multiple Choice

Ding Company had operating income of $140,000, sales of $437,500, and turnover of 0.5. What is Ding's ROI?

• A) 16%
• B) 32%
• C) 50%
• D) 64%

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Definitions:

Asset Subgroups

Categories within a company's assets that are grouped based on similar characteristics or functions, such as fixed assets, current assets, or intangible assets.

Classified Balance Sheet

A financial statement that organizes assets, liabilities, and equity into subcategories for more detailed analysis.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or during the normal operating cycle.

Long-term Investments

Assets held as investments that a company intends to hold for more than one accounting period.