Question: Question 7 3 points Save Answer Verca Company earned residual income of $39505 during the year. The net profit was $152564 during the year

Question 7 3 points Save Answer Verca Company earned residual income of

Question 7 3 points Save Answer Verca Company earned residual income of $39505 during the year. The net profit was $152564 during the year and the cost of capital was 12.9 per cent. Compute the return on investment of Verca Company for the year. (Present the final answer as a percentage, to 2 decimal places.)

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