What is croissant return on investment


Croissant Division of Pastry Corporation has invested capital of $1,600,000. During the past year, Croissant had sales of $1,200,000 and earned $400,000. What is Croissant's return on investment?

a) 20%

b) 25%

c) 33%

d) 300%

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Accounting Basics: What is croissant return on investment
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