0 answer

Reed Company’s sales last year totaled $150,000 and its return on investment (ROI) was 12%

Question:

Reed Company’s sales last year totaled $150,000 and its return on investment (ROI) was 12%. If the company’s turnover was 3, then its net income for the year must have been
$2,000
$6,000
$12,000
$18,000
Please show me the equation.

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