Proximate Tools had sales of $9,800,000, net operating income of $412,000, and average operating assets of $2,800,000. What is the turnover used to compute ROI?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 15MC: Calculate the ROI for Gardner Chemical given the following information: A. 25% B. 24% C. 60% D. 40%
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How can I solve this financial accounting problem using the appropriate financial process?

Proximate Tools had sales of $9,800,000, net
operating income of $412,000, and average
operating assets of $2,800,000. What is the
turnover used to compute ROI?
Transcribed Image Text:Proximate Tools had sales of $9,800,000, net operating income of $412,000, and average operating assets of $2,800,000. What is the turnover used to compute ROI?
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