Question
A business owner sees that other companies in his industry are earning 14% ROI. He reviews his balance sheet and identifies the following: Current Assets
A business owner sees that other companies in his industry are earning 14% ROI. He reviews his balance sheet and identifies the following:
Current Assets = $52,000
Long-Term Assets = $104,000
Net Profit = $89,000
Sales = $502,000
Owner's Equity = $700,000
The business owner's ROI exceeds the industry standard; therefore they are performing better than their peers
TRUE or FALSE
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ISE Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders Professor, Marcia Millon Cornett, Otgo Erhemjamts
10th International Edition
1260571475, 9781260571479
