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A company invested $1,000,000 in a new manufacturing facility. The facility generated annual profits of $300,000. Calculate the return on investment (ROI) as a percentage.
A company invested $1,000,000 in a new manufacturing facility.
- The facility generated annual profits of $300,000.
- Calculate the return on investment (ROI) as a percentage.
- Discuss the implications of the ROI for assessing the profitability and efficiency of the investment.
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
