Flash Sales Provided the Following Information A) 4%
B) 6%
C) 9%
D) 12

question 13

Multiple Choice

Flash Sales provided the following information. Calculate the return on investment.
$$\begin{array} { l r } \text { Sales } & \$ 800000 \\\text { Operating profit } & \$ 46800 \\\text { Average operating assets } & \$ 520000 \\\text { Shareholders' equity } & \$ 50000 \\\text { Minimum required rate of return } & 12 \%\end{array}$$

• A) 4%
• B) 6%
• C) 9%
• D) 12%

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Definitions:

Population Mean

The average of a set of values in the entire population.

Sample Standard Deviation

A measure of the amount of variation or dispersion of a set of values from a sample, indicating how spread out the values are from the mean of the sample.

Z Value

A Z value is a statistical measure representing the number of standard deviations a data point is from the mean.

Confidence Level

A statistical measure expressed as a percentage that indicates the probability that a given interval contains the true parameter or result.