The Parry Company provided the following information regarding its operations:2017 Total assets$5,200, өө2018 Total assets$5,700,0002017 Net operating income2018 Net operating income87,700$492,700Ask2017 Net sales$2,625,0002018 Net sales$3,200, өөөWhat is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places.)Multiple Cholce3.01%1.61%McGraw

The return on investment is calculated by dividing the operating income by the asset.

The Parry Company provided the following information regarding its operations: 2017 Total assets 2018 Total assets $5,200,000 $5,700,000 2017 Net operating income 2018 Net operating income 2$ 87,700 $. 92,700 2017 Net sales $2,625,000 2018 Net sales $3,200,000

The Parry Company provided the following information regarding its operations: 2017 Total assets 2018 Total assets $5,200,000 $5,700,000 2017 Net operating income 2018 Net operating income 2$ 87,700 $. 92,700 2017 Net sales $2,625,000 2018 Net sales $3,200,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

The Parry Company provided the following information regarding its operations:
2017 Total assets
$5,200, өө
2018 Total assets
$5,700,000
2017 Net operating income
2018 Net operating income
87,700
$4
92,700
Ask
2017 Net sales
$2,625,000
2018 Net sales
$3,200, өөө
What is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places.)
Multiple Cholce
3.01%
1.61%
Mc
Graw

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