Question
Dave's Tennis Club had net sales of $186,400 and the cost of goods sold were $88,760. Operating expenses were $35,100 and owner's equity is $553,400.
Dave's Tennis Club had net sales of $186,400 and the cost of goods sold were $88,760. Operating expenses were $35,100 and owner's equity is $553,400. Calculate the return on investment. (Round to the nearest tenth)
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
1st Edition
0072992573, 9780072992571
