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The following information regarding Brookes, Inc. is available: SALES: $1,440,000 COGS: $630,000 Operating Expenses: $540,000 Operating Income: $270,000 Average invested capital: $2,062,500 Refer to the
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The following information regarding Brookes, Inc. is available:

SALES: $1,440,000
COGS: $630,000
Operating Expenses: $540,000
Operating Income: $270,000
Average invested capital: $2,062,500
Refer to the information above. What is the return on investment for Brookes, Inc. (round your answer to the nearest full percentage point)?
A. 70%.
B. 19%.
C. 13%.
D. 9%.

User Jekson
by
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1 Answer

3 votes

Answer: C. 13%

Step-by-step explanation:

Return on Investment is the percentage received from the investment over the amount spent.

= Operating income / Average invested capital

= 270,000/2,062,500

= 13.09%

= 13%

User Ramps
by
6.2k points
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