Answered: Swagelok Enterprises is a manufacturer… | bartleby

College Algebra

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.6: The Rectangular Coordinate System And Graphs

Problem 7ECP

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Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product
line were as follows: first cost of $23,000, and annual costs of $18,000. Annual revenue was $25,000 and the used equipment was
salvaged for $5,000. What rate of return did the company make on this product? (Round the final answer to three decimal places.)
The rate of return that the company made on the product is
%.

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