Kindly help me with accounting questions Evergreen Industries' balance sheet shows that thecompany has $320,000 invested in operatingassets. During 2023, Evergreen earned an operatingincome of $64,000 on $480,000 of sales. ComputeEvergreen's return on investment for 2023.

Step 1: Definition of Return on Investment (ROI)Return on Investment (ROI) measures the…

Answered: Evergreen Industries' balance sheet…

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 16P

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Evergreen Industries' balance sheet shows that the company has $320,000 invested in operating assets. During 2023, Evergreen earned an operating income of $64,000 on $480,000 of sales. Compute Evergreen's return on investment for 2023.