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AICPA CPA-Business Exam - Topic 2 Question 6 Discussion

The following information pertains to Quest Co.'s Gold Division for 1993:Quest's return on investment was:
C) 27.50 percent.
A) 10.00 percent.
B) 13.33 percent.
D) 30.00 percent.

AICPA CPA-Business Exam - Topic 2 Question 6 Discussion

Actual exam question for AICPA's CPA-Business exam
Question #: 6
Topic #: 2
[All CPA-Business Questions]

The following information pertains to Quest Co.'s Gold Division for 1993:

Quest's return on investment was:

Show Suggested Answer Hide Answer
Suggested Answer: C

Choice 'c' is correct. Return on investment equals net income divided by average invested capital:

Choices 'a', 'b', and 'd' are incorrect, per the above calculation.


by Xochitl at May 05, 2022, 08:48 AM

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Stephaine
8 months ago
Wait, are we sure about these numbers? Sounds off.
upvoted 0 times
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Terry
9 months ago
Definitely agree, 30.00 percent is impressive!
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Jamika
9 months ago
27.50 percent seems way too high for that year.
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Benedict
9 months ago
I thought it was lower, like 10.00 percent.
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Willow
9 months ago
Quest's ROI was 30.00 percent.
upvoted 0 times
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Ethan
9 months ago
Revenue is definitely the answer here. It's the first and most important line item on the income statement, representing the company's total sales. I feel confident about this one.
upvoted 0 times
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Ammie
9 months ago
This seems straightforward. I think option A is the best approach - navigate to Customize the System and export everything to a managed solution. That way, the customizations can be easily deployed to other pharmacies.
upvoted 0 times
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Sena
9 months ago
I'm feeling pretty confident about this one. The question is clear, and I know the ACLI structure well, so I should be able to identify the right options.
upvoted 0 times
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Lon
10 months ago
I think thorough inspections are important, but I'm not sure if they directly prevent brittle fracture.
upvoted 0 times
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