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CTP · Question #67
(Topic 1) A telecommunications company receives a profit of $587,542 from its cellular phone production unit in the year after investing $962,870 in a new product line. What is the first year return…
The correct answer is C. 61%. See the full explanation below for the reasoning.
Question
- (Topic 1)
A telecommunications company receives a profit of $587,542 from its cellular phone production unit in the year after investing $962,870 in a new product line. What is the first year return on its original investment?
Options
- A56%
- B58%
- C61%
- D64%
How the community answered
(53 responses)- A17% (9)
- B4% (2)
- C72% (38)
- D8% (4)
Community Discussion
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