What is the return on investment on these general accounting question? Lark Enterprises manufactures and sells home fitness equipment.Last year, the company reported sales of $3,000,000, operatingincome of $750,000, and total assets employed of $3,750,000. Thereturn on investment (ROI) is:a. 25%b. 80%c. 20%d. 125%

Step 1: Define Return on Investment (ROI)Return on Investment (ROI) is a profitability measure that…

Answered: Lark Enterprises manufactures and sells…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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Lark Enterprises manufactures and sells home fitness equipment. Last year, the company reported sales of $3,000,000, operating income of $750,000, and total assets employed of $3,750,000. The return on investment (ROI) is: a. 25% b. 80% c. 20% d. 125%