Soto Corporation's balance sheet indicates that the company has $300,000 invested in operating assets. During 2011, Soto earned operating income of $48,000 on $600,000 of sales. Compute Soto's return on investment for 2011.
Soto Corporation's balance sheet indicates that the company has $300,000 invested in operating assets. During 2011, Soto earned operating income of $48,000 on $600,000 of sales. Compute Soto's return on investment for 2011.
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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![Soto Corporation's balance sheet indicates that the
company has $300,000 invested in operating assets.
During 2011, Soto earned operating income of $48,000
on $600,000 of sales.
Compute Soto's return on investment for 2011.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e95409c-7e3d-4ac4-8e0d-28fa5c009f1e%2F8670a561-5e42-4af9-ba88-55031231ccea%2Frgvsh7s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Soto Corporation's balance sheet indicates that the
company has $300,000 invested in operating assets.
During 2011, Soto earned operating income of $48,000
on $600,000 of sales.
Compute Soto's return on investment for 2011.
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