Cardi B reported the following data for her company in 2019: Net Operating Income Beginning Operating Assets Ending Operating Assets Return on Investment $65,000 ??? $586,000 0.12 Based on the information above, what was the beginning balance of Operating Assets for 2019? Round your answer to the nearest dollar.
Cardi B reported the following data for her company in 2019: Net Operating Income Beginning Operating Assets Ending Operating Assets Return on Investment $65,000 ??? $586,000 0.12 Based on the information above, what was the beginning balance of Operating Assets for 2019? Round your answer to the nearest dollar.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Cardi B reported the following data for her
company in 2019:
Net Operating Income
Beginning Operating Assets
Ending Operating Assets
Return on Investment
$65,000
???
$586,000
0.12
Based on the information above, what was
the beginning balance of Operating Assets
for 2019?
Round your answer to the nearest dollar.
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