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Average operating assets are $110,000 and net operating income is $23,100. The company invests $25,000 in new assets for a project that will increase net
Average operating assets are $110,000 and net operating income is $23,100. The company invests $25,000 in new assets for a project that will increase net operating income by $4,750. What is the return on investment (ROI) of the new project? A) 21% B) 19% C) 18.5% D) 20%
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
