Forward Company Had Operating Income of $75,000, Sales of $220,000

question 73

Multiple Choice

Forward Company had operating income of $75,000, sales of $220,000, and a turnover ratio of 0.55.What is Forward's return on investment (ROI) ? (Note: Round answer to two decimal places.)

• A) 32.50%
• B) 50.60%
• C) 18.75%
• D) 64.60%
• E) Forward's ROI cannot be determined from this information.