The Wombat Division of Ocelot Induction Systems reported the following financial data for the year 20x2: Sales $3,030,000 Net operating income - $417,500 Average operating assets - $1,950,000 Minimum rate of return - 8% What is the return on investment for Wombat? Enter your answer as a number with two decimal places. For example, 35% becomes 0.35.
The Wombat Division of Ocelot Induction Systems reported the following financial data for the year 20x2: Sales $3,030,000 Net operating income - $417,500 Average operating assets - $1,950,000 Minimum rate of return - 8% What is the return on investment for Wombat? Enter your answer as a number with two decimal places. For example, 35% becomes 0.35.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Wombat Division of Ocelot Induction Systems reported the following financial
data for the year 20x2:
Sales $3,030,000
Net operating income - $417,500
Average operating assets - $1,950,000
Minimum rate of return - 8%
What is the return on investment for Wombat?
Enter your answer as a number with two decimal places. For example, 35% becomes
0.35.
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