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Chapter 9 Quiz Questions

Chapter 9 Quiz Questions - Managerial Accounting Acct 2301...

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Managerial Accounting Acct 2301 Chapter 9 Questions 1. Last year, Thurco Corporation had revenues of $120,000 and expenses of $70,000. If Thurco had $250,000 of equipment and other operating assets last year, what was Thurco’s return on investment? a. 10% b. 15% c. 20% d. 25% 2. Last year, Thurco Corporation had revenues of $120,000 and expenses of $70,000. If Thurco had $250,000 of equipment and other operating assets last year, what was Thurco’s margin? 3. Last year, Thurco Corporation had revenues of $120,000 and expenses of $70,000. If Thurco had $250,000 of equipment and other operating assets last year, what was Thurco’s turnover? 4. LINK, Inc. has a margin of 25 % and a turnover of 4. What is LINK's return on investment? 5. Kennedy Aeronautics desires an 8% ROI on all investment projects. Details of a proposed investment include the following: Sales Revenues $20,000 Expenses 14,000 Investment Turnover .2 Which of the following statements is accurate? a. Based on ROI, the company should accept the investment project. b. The investment project would have a 6% return. c. The company should reject the investment project. d. both b and c.
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