Problemlast year thurco corporation had revenues of 120000, Ask an Expert

Accounting

Problem:

Last year, Thurco Corporation had revenues of $120,000 and expenses of $40,000. If Thurco had $240,000 of equipment and other operating assets last year, what was Thurco's return on investment?

a. 33%.

b. 20%.

c. 17%.

d. 10%.

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165220

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