Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $360,000 Accounts Payable $180,000 Accounts Receivable $320,000 Notes Payable $240,000 Inventory $340,000 Long-term Debt $600,000 Property
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $360,000 | Accounts Payable | $180,000 |
Accounts Receivable | $320,000 | Notes Payable | $240,000 |
Inventory | $340,000 | 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 $300,000, and the total investment of $2,500,000.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
