Joseph Company has an investment in assets of $450,000, income that is 10% of sales, and an

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Joseph Company has an investment in assets of $450,000, income that is 10% of sales, and an ROI of 18%. From this information the amount of income would be:

(A) $81,000.

(B) $45,000.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Nov 28, 2018 02:37 AM

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Joseph Company has an investment in assets of $450,000, income that is 10% of sales, and an

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A 81000 Let A be Sales then Net profit will be 10 of Ai... View the full answer

Intermediate Accounting

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