Consider te folowng condensed frares statements of Sde Money. In. The company\'s

Question

Consider te folowng condensed frares statements of Sde Money. In. The company's target rate of returns 30% (C?ck the icon to wew the comprative balance sheet) a cohe icon to wew the ncome statement, Read the reausmsns Requirement 1. Cal ate he comparys ROI Rond sl of yo, ???wers to four decanal places Bagin by selecting the formuli cal ialù Num on inwtnant d thw ent ar ??? ano na to calculate the company's ROI Round your d alculatiors to for decir al plates und entw your final to hù ea vse hundredth ?1a par an. X.XX%)

Explanation / Answer

Solution:

Average invested asset = ($585,000 + $415,000) / 2 = $500,000

Return on Investment Operating Income / Average invested assets = ROI $350,000.00 $500,000.00 70.00%

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