Stratos Corp. generated $480,000 in operating income on $2,200,000 in sales. Assets used were $2,400,000. What is ROI? a. 20% b. 22% c. 18% d. 25%

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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I am trying to find the accurate solution to this financial accounting problem with the correct explanation.

Stratos Corp. generated $480,000 in operating income on
$2,200,000 in sales.
Assets used were $2,400,000.
What is ROI?
a. 20%
b. 22%
c. 18%
d. 25%
Transcribed Image Text:Stratos Corp. generated $480,000 in operating income on $2,200,000 in sales. Assets used were $2,400,000. What is ROI? a. 20% b. 22% c. 18% d. 25%
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