If a company reports profit margin of 32.3% and investment turnover of 1.30 for one of its investment centers, the return on investment must be:

42%

Explanation:

Calculation to determine what the return on investment must be:

Using this formula

Return on investment=Profit margin*Investment turnover

Let plug in the formula

Return on investment=32.3%*1.30

Return on investment=0.4199*100

Return on investment=41.9%

Return on investment=42% (Approximately)

Therefore the return on investment must be:42%

The Risk Committee (the “Committee”) is an independent committee of the Board of Directors that has, as its sole and exclusive function, responsibility for the oversight of the risk management policies and practices of the Corporation's global operations and oversight of the operation of the Corporation's global risk ...

Explanation:

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