Question
10)10) Bianca Publishing has a number of investment centers to track on a day-to-day basis. The following represent key figures related to one of Bianca's
10)10) Bianca Publishing has a number of investment centers to track on a day-to-day basis. The following represent key figures related to one of Bianca's investment centers for February 2014:
Operating Income $9,800,000
Sales $15,780,000
Asset Turnover 38%
What is the investment center's ROI for February 2014 (rounded percentage answer to two decimal place)?
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Financial Accounting An International Perspective
Authors: Arne Kinserdal
2nd Edition
0273631543, 978-0273631545
