Planet Company Had Operating Income of $12,000, Average Operating Assets

question 21

Multiple Choice

Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000.What is Planet's return on investment (ROI) ? (Note: Round answer to two decimal places.)

• A) 9.60%
• B) 20.60%
• C) 25.50%
• D) 5.80%
• E) 4.50%

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Definitions:

Less Risky Decision

A decision-making approach that prioritizes options with lower potential for negative outcomes or loss.

Mindguards

Individuals within a group who limit access to information to prevent dissent or critical thinking that might challenge the group's consensus.

Protecting

Ensuring safety or defending something from harm, damage, or adverse conditions.

Illusion of Invulnerability

A cognitive bias leading individuals or groups to underestimate risks and overestimate their ability to control outcomes.