Sales $1,519,621 Operating Income $108,450 Total Assets (investment) $583,662 Target Rate of Return (Cost of Capital) 10% What is return on investment?  Input your answer to 1 decimal place.  For example if you calculate .1892 enter 18.9.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.2.1MBA
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Sales

$1,519,621

Operating Income

$108,450

Total Assets (investment)

$583,662

Target Rate of Return (Cost of Capital)

10%

What is return on investment?  Input your answer to 1 decimal place.  For example if you calculate .1892 enter 18.9. 

 

 

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