Compute the average assets invested for the Hi Ho investment center as shown below Hi Ho Subsidiary Total sales $20,000 Operating income $5,000 Beginning assets invested $14,000 Ending assets invested $14,500 Average assets invested $ Desired ROI 25 Residual income $ Answer a $14,300 b $14,400 c $14,350 d $14,250

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Compute the average assets invested for the Hi Ho investment center as shown below. Hi Ho Subsidiary Total sales $20,000 Operating income $5,000 Beginning assets

Compute the average assets invested for the Hi Ho investment center as shown below.

Hi Ho Subsidiary
Total sales	$20,000
Operating income	$5,000
Beginning assets invested	$14,000
Ending assets invested	$14,500
Average assets invested	$?
Desired ROI	25%
Residual income	$?

Answer

	a.	$14,300
	b.	$14,400
	c.	$14,350
	d.	$14,250

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