Chow Company Has a Number of Investment Centers to Track

question 56

Multiple Choice

Chow Company has a number of investment centers to track on a day-to-day basis. The following represent key figures related to one of Chow's investment centers for May 20xx: $$\begin{array} { | l | l | } \hline \text { Opereting income } & \$ 6,000,000 \\\hline \text { Sales } & 15,000,000 \\\hline \text { Asset turnover } & 55 \% \\\hline &\end{array}$$ What is the investment center's ROI for May 20xx (rounded to two decimal places) ?

• A) 27.5 percent
• B) 33 percent
• C) 55 percent
• D) 22 percent

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