Quick-silver concrete company is planning to release a new, Ask an Expert

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Quick-Silver Concrete Company is planning to release a new concrete product and it is anticipated to generate $6.8 million in estimated revenue. However, the estimated investment of 6.8 million will cost the organization $6 million in estimated expenses in the first year. Quick-Silver Concrete has allocated $5 million in capital for the product in year one and expected to earn $150,000 in income on the capital.

Calculate the return on capital for this new product.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92399990

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