Speedo Company’s revenues are $300 on invested capital - 10059

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umer

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Request Description

Speedo Company’s revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its invested capital by 20%, return on investment will be _____. 

A. 46.88% 

B. 93.75% 

C. 18.75% 

D. 75%

 
Solution Description

Speedo Company’s revenues are $3