I honestly don’t know because I honestly don’t know
<span>Approximately 50 million US homes have only one 25 Mbps internet provider or none at all which accounts to around 64%.The remaining 46% which accounts for more than 10.6 million US households have no access to wired internet service with download speeds of atleast 25mbps.</span>
Answer:
30%
Explanation:
The computation of return on investment is shown below:-
Return on Sales = Credit sales × Return on sales
= $24,000 × 5%
= $1,200
Investment in Accounts Receivable
= $24,000 × 1 ÷ 6
= $4,000
Return on Investment = Return on Sales ÷ Investment in Accounts Receivable × 100
= $1,200 ÷ $4,000 × 100
= 30%
Therefore for computing the return on investment we simply divide the investment in account receivable by return on sales.