Compute return on investment for 2024 on these financial accounting question HORIZON MANUFACTURING'S BALANCE SHEET INDICATES THATTHE COMPANY HAS $450,000 INVESTED IN OPERATING ASSETS.DURING 2024, HORIZON EARNED OPERATING INCOME OF $81,000ON $900,000 OF SALES. COMPUTE HORIZON'S RETURN ONINVESTMENT FOR 2024.

Step 1: Definition of Return on Investment (ROI)Return on Investment (ROI) is a financial metric…

Answered: HORIZON MANUFACTURING'S 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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HORIZON MANUFACTURING'S BALANCE SHEET INDICATES THAT THE COMPANY HAS $450,000 INVESTED IN OPERATING ASSETS. DURING 2024, HORIZON EARNED OPERATING INCOME OF $81,000 ON $900,000 OF SALES. COMPUTE HORIZON'S RETURN ON INVESTMENT FOR 2024.