Division a of Purvis Company Has a Rate of Return

question 72

Multiple Choice

Division A of Purvis Company has a rate of return on investment of 15% and an investment turnover of 1.6.What is the profit margin?

• A)10%
• B)12.5%
• C)9.4%
• D)24%

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Definitions:

Carbonate Mineral

is a type of mineral consisting primarily of carbonate ions in combination with metal ions, common in rocks like limestone and dolomite.

Effervesces

Describes the process of fizzing or bubbling, often due to a chemical reaction releasing gas.

Dilute HCl

A solution of hydrochloric acid and water that is less concentrated than the acid's pure form, often used in chemical reactions and tests.

Silicate Mineral

Refers to minerals composed of silicate groups, which are compounds of silicon and oxygen, often forming the majority of the Earth's crust.