FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 15-12A (Algo) Return on investment LO 15-6 An investment center of Perez Corporation shows an operating income of $8,120 on total operating assets of

image text in transcribed
Exercise 15-12A (Algo) Return on investment LO 15-6 An investment center of Perez Corporation shows an operating income of $8,120 on total operating assets of $70,000. Required Compute the return on investment. (Round your answer to 2 decimal places. (.e., 0.2345 should be entered as 23.45).) Retium on investment %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting An Introduction To Concepts Methods And Uses

Managerial Accounting An Introduction To Concepts Methods And Uses

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson

7th Edition

0030259630, 978-0030259630

More Books

Students also viewed these Accounting questions

Question

★★★★★
Calculate the pH of a solution made by adding 2.50 g of lithium oxide (Li2O) to enough water to make 1.500 L of solution.

Answered: 1 week ago

Question

★★★★★
Identify examples of tacit and explicit knowledge in this scenario?

Answered: 1 week ago

Question

★★★★★
6.76 TV Viewers An advertising agency has stated that 20% of all television viewers watch a particular program. In a random sample of 1000 viewers, x=184 viewers, were watching the program. Do these...

Answered: 1 week ago

Question

★★★★★
The pulley in Fig. 9.35 has radius R and a moment of inertia l. The rope does not slip over the pulley, and the pulley spins on a frictionless axle. The coefficient of kinetic friction between block...

Answered: 1 week ago

Question

★★★★★
Activity-Based Costing and Customer-Driven Costs Lambo Auto Limited manufactures a limited edition luxury car that it sells through distributors. The company sells the cars to its distributors for...

Answered: 1 week ago

Question

★★★★★
In a good rimming steel Carbon and silicon should be low Silicon should be low but carbon should be high Both silicon & carbon should be high Silicon should be high but carbon should be low

Answered: 1 week ago

Question

★★★★★
Using the Porter's Five Forces Industry Analysis Framework, discuss your company's industry structure. Why do you think some companies in poorly performing industries do very well?

Answered: 1 week ago

Question

★★★★★
What is the value of information systems? Discuss your opinion on the value of information systems and how you can make that value transparent

Answered: 1 week ago

Question

★★★★★
Compare Austin-bergstom International airport located in Texas and Athens International Airport located in Greece air traffic and airspace operations. Describe the important air traffic and airspace...

Answered: 1 week ago

Question

★★★★★
Brown Stone Restaurant is located in an historic building within the historic business district of a mid-size city. The menu is designed to accommodate often hurried lunch customers as well as...

Answered: 1 week ago

Question

★★★★★
Multinational Companies from Emerging and Developed Countries Multinational companies from countries with emerging economies such as Brazil, Russia, India, and China are beginning to expand...

Answered: 1 week ago

Question

★★★★★
If you are working or recently worked, how would you describe the culture of the organization? It is easy to say that supportive and people-centred cultures typically have more engaged and productive...

Answered: 1 week ago

Question

★★★★★
Access the following websites or your provincial workers compensation site and list 3 items/3 points of information that surprised you from each website: ???????? https://canadasafetycouncil.org...

Answered: 1 week ago

Question

★★★★★
Access the Province of Albertas interactive health and safety quiz at http://work.alberta.ca/ohs-quiz/index.html. Pick 2-to 3-categories and take the quiz. Identify which quiz was the most useful and...

Answered: 1 week ago

Previous Question Next Question