return on investment for Espinosa
return on investment for Espinosa
Espinosa Corporation had $1,121,952.00 in invested assets, sales of $1,243,220.00, income from operations amounting to $246,952.00, and a desired minimum rate of
return of 15%.
What is the rate of return on investment for Espinosa (round to two decimal points)?
Select the correct answer.
15.00%
22.01%
110.81%
19.86%
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