Joseph Company Has an Investment in Assets of $450,000,operating Income

question 114

Multiple Choice

Joseph Company has an investment in assets of $450,000,operating income that is 10% of sales,and an ROI of 18%.From this information the amount of operating income would be:

• A) $81,000.
• B) $45,000.
• C) $2,500,000.
• D) Impossible to determine from the information given.

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Definitions:

Valley Forge

The military camp 18 miles northwest of Philadelphia where the American Continental Army spent the winter of 1777–1778 during the American Revolutionary War, notable for its conditions of hardship and resilience.

Saratoga

A decisive battleground in the American Revolutionary War where the American forces won a significant victory over the British in 1777.

American Troops

Military personnel from the United States, serving in the army, navy, air force, marines, or coast guard.

Iroquois

A historically powerful and influential confederation of six Native American nations in Northeast North America, known for their political union and significant cultural contributions.