Question
All of the following equations represent ROI EXCEPT: a. return on sales x investment turnover b. operating income/ investment c. return on sales x inventory
All of the following equations represent ROI EXCEPT:
a. return on sales x investment turnover
b. operating income/ investment
c. return on sales x inventory turnover
d. (operating income / sales revenue) x (sale revenue / investment)
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Rockford Practice Set To Accompany Intermediate Accounting
Authors: Donald E. Kieso
16th Edition
1119287936, 9781119287933
