Reed Company reported total sales of $150,000 last year and a return on investment (ROI) of 12%.

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Reed Company reported total sales of $150,000 last year and a return on investment (ROI) of 12%. If the company\\\'s turnover was 3, what was the company\\\'s operating income for the year?

A. $2,000.

B. $6,000.

C. $18,000.

D. It is impossible to determine from the data given.

Related Book For answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0131495388

12th edition

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

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Posted Date: Oct 16, 2020 08:30 AM

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Reed Company reported total sales of $150,000 last year and a return on investment (ROI) of 12%.

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option c is corr... View the full answer

Cost Accounting A Managerial Emphasis

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