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22 June, 02:37

Blaser Corporation had $1,021,000 in invested assets, sales of $1,293,000, income from operations amounting to $205,000 and a desired minimum rate of return of 13%. The rate of return on investment for Blaser Corporation is Round the percentage to one decimal place. a. 15.9% b. 20.1% c. 12.7% d. 24.1%

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  1. 22 June, 03:43
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    correct answer is option B

    Explanation:

    GIVEN dа ta:

    Net income is $205,000

    sales is $1,293,000

    investment in assets is $1,021,000

    rate of return on investment for blase corporation = (net income) / (investment in assets)

    rate of return = (2,05,000 / 10,21,000) * 100

    rate of return = 20%

    therefore correct answer is option B
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