Question
A business has operating income of $350,000, revenues of $2,625,000, total assets of $2,500,000 and a return on investment (ROI) of 14%. To increase ROI
A business has operating income of $350,000, revenues of $2,625,000, total assets of $2,500,000 and a return on investment (ROI) of 14%. To increase ROI to 20%, which of the following investment turnovers would need to be achieved?
| a. | 0.75 | |
| b. | 1 | |
| c. | 1.5 | |
| d. | 2 | |
| e. | None of the answers. |
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Activity Accounting An Activity-Based Costing Approach
Authors: James A. Brimson
1st Edition
0471196282, 978-0471196280
