Connect html newco Help work Exercise 11-13 Effects of Changes in Sales, Expense

Question

Connect html newco Help work Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI LO11-1 The following information applies to the questions displayed below CommercialService recent year appear below es com Corporation provides business-to-business services on the Internet. Deta concerning the most Sales Net operating income Average operating assets 3,720,ee0 223,200 93e,80 Exercise 11-13 Part 1 Required: 1 Compute the company's return on investment (RO). (Do not round intermediate calculations. Round your answer to 2 decimal places.) re to search F12 eal

Explanation / Answer

return on investement = net operating income / average operating assets

ROI = 223200 / 930000 = 24%

ROI = 24%

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