Required information [The following information applies to the questions display
ID: 2518654 • Letter: R
Question
Required information
[The following information applies to the questions displayed below.]
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:
Required:
1. Compute the company's return on investment (ROI). (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Return on investment (ROI)% ____________%
Sales $ 4,700,000 Net operating income $ 188,000 Average operating assets $ 940,000Explanation / Answer
return on investment =Net operating income/Average operating assets
which is equal to
=188000/940,000
which is equal to
=20%
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.