Please do not give solution in image format thanku Current Attempt in ProgressThe data for an investment center is as follows:Current AssetsPlant AssetsJanuary 1, 2022$Return on Investment.Save for Later416,0003,016,000December 31, 2022$816,000The controllable margin is $463,680,Compute the return on investment for the center for 2022. (Round answer to 1 decimal place, e.g. 52.7.)3,816,000%Attempts: 0 of 1 usedSubmit Answer

Return on investment is the percentage return earned by the entity on the investment made. It is…

The data for an investment center is as follows: Current Assets Plant Assets January 1, 2022 $ 416,000 3,016,000 December 31, 2022 816,000 3,816,000 Return on Investment $ The controllable margin is $463,680. Compute the return on investment for the center for 2022. (Round answer to 1 decimal place, eg. 52.7.) %

The data for an investment center is as follows: Current Assets Plant Assets January 1, 2022 $ 416,000 3,016,000 December 31, 2022 816,000 3,816,000 Return on Investment $ The controllable margin is $463,680. Compute the return on investment for the center for 2022. (Round answer to 1 decimal place, eg. 52.7.) %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not give solution in image format thanku

Current Attempt in Progress
The data for an investment center is as follows:
Current Assets
Plant Assets
January 1, 2022
$
Return on Investment.
Save for Later
416,000
3,016,000
December 31, 2022
$
816,000
The controllable margin is $463,680,
Compute the return on investment for the center for 2022. (Round answer to 1 decimal place, e.g. 52.7.)
3,816,000
%
Attempts: 0 of 1 used
Submit Answer

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