Top management is trying to determine which would be the best choice of the following   investment opportunities: Data of investment choices: 2 Sales $9,000,000 Operating income      300,000 Average operating assets   3,000,000   Required:  Compute the Return on investment       8%         10%       12%         9%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION 27

  1.  

    Top management is trying to determine which would be the best choice of the following   investment opportunities:

    Data of investment choices:

    2

    Sales

    $9,000,000

    Operating income

         300,000

    Average operating assets

      3,000,000

     

    Required:  Compute the Return on investment

     

       

    8%

     

       

     

    10%

       

     

    12%

     

       

     

    9%

     

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