Sunrise Enterprises' balance sheet indicates that the company has $450,000 invested in operating assets. During 2023, Sunrise earned operating income of $72,000 on $800,000 of sales. Compute Sunrise Enterprises' return on investment (ROI) for 2023.

Sunrise Enterprises' balance sheet indicates that the company has $450,000 invested in operating assets. During 2023, Sunrise earned operating income of $72,000 on $800,000 of sales. Compute Sunrise Enterprises' return on investment (ROI) for 2023.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...

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Need answer the general accounting question please solve

Sunrise Enterprises' balance sheet indicates that the
company has $450,000 invested in operating assets.
During 2023, Sunrise earned operating income of
$72,000 on $800,000 of sales.
Compute Sunrise Enterprises' return on investment
(ROI) for 2023.

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