Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000,

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Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000, and Avocado Company has an 8% cost of capital. What is the return on investment?
a) 8%
b) 10%
c) 16%
d) 20%

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Cost Management Accounting and Control

ISBN: 978-0324559675

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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Question Posted: May 03, 2017 08:23 AM

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Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000,

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Cost Management Accounting and Control

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