Residual Income $23000 Operating income 45,337 Cost of Capital 12% What is return on investment? Don't round any intermediate calculations. Enter your answer to one decimal place. Do not use commas, percentage or dollar signs.
Residual Income $23000 Operating income 45,337 Cost of Capital 12% What is return on investment? Don't round any intermediate calculations. Enter your answer to one decimal place. Do not use commas, percentage or dollar signs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Residual Income $23000
Operating income 45,337
Cost of Capital
12%
What is return on investment?
Don't round any intermediate calculations. Enter your answer to one decimal place. Do not use commas,
percentage or dollar signs.
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