Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $350,000 Accounts Payable $220,000 Accounts Receivable $280,000 Notes Payable $240,000 Inventory $320,000 Long-term Debt $600,000 Property
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $350,000 | Accounts Payable | $220,000 |
Accounts Receivable | $280,000 | Notes Payable | $240,000 |
Inventory | $320,000 | Long-term Debt | $600,000 |
Property | $850,000 | Shareholders' Equity | $1,300,000 |
Calculate the return on investment (ROI) for the company based on the provided balance sheet, the net income of $400,000, and the total investment of $3,500,000.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
