What is the return on investment of this financial accounting question? Harrison Sporting Goods manufactures and sells outdoor fitness equipment.Last year:Sales Revenue = $3,200,000Operating Income =$720,000Assets Used = $4,000,000What is the Return on Investment (ROI)?A. 15%B. 18%C. 20%D. 22%

Step 1:The return on investment shows the percentage of operating income generated by using the…

Answered: Harrison Sporting Goods manufactures…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 20MC: Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month...

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Harrison Sporting Goods manufactures and sells outdoor fitness equipment. Last year: Sales Revenue = $3,200,000 Operating Income = $720,000 Assets Used = $4,000,000 What is the Return on Investment (ROI)? A. 15% B. 18% C. 20% D. 22%