Question: 19. Google Chrome edu.om ARNING SYSTEM (ACADEMIC) ntory Management - Spring21 Time left 0:37:10 Al-Shamukh Constructors Ltd, currently has sales of OMR 24 million a

19. Google Chrome edu.om ARNING SYSTEM (ACADEMIC) ntory Management - Spring21 Time left 0:37:10 Al-Shamukh Constructors Ltd, currently has sales of OMR 24 million a year, with a stock level of 25 percent of the sales. Annual holding cost for the stock is 20 percent of value. Operating cost (excluding the cost of stocks) are OMR 15 milion a year and other assets are valued at OMR 30 million. If the stocks devels are reduced to 20 percent of the sales, then what wil be the improvement (or reduction) in the rate of return on asset in percentage? a 7.14 b. 6.79 Oc None is correct Od 6.53 645 Ot663 BUS PAGE NEXT PAGE

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