Dagny Enterprises has a target rate of return of 10%, an ROI of 48%, and capital turnover of 3.0. The sales margin for Dagny Enterprises may be closest to
A) 144%.
B) 16%.
C) 3%.
D) 30%.
B
Explanation: B)
Return on investment 48%
Divide by Divide by
Capital turnover 3
Sales margin 16%
Business
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