Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

Florida Incorporated has sales revenue of $750,000 resulting in net operating income of $75,400. Average invested assets total $377,000 and the cost of capital is

Florida Incorporated has sales revenue of $750,000 resulting in net operating income of $75,400. Average invested assets total $377,000 and the cost of capital is 15%. What is the return on investment?? Multiple Choice 10.05% $34,050 20.00% $56,550

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

A New Auditors Guide To Planning Performing And Presenting IT Audits

Authors: Nelson Gibb, CIA, CISA, CISSP, Divakar Jain, CA, CPA, Amitesh Joshi, Surekha Muddamsetti, Sarabjot Singh

1st Edition

0894136852, 978-0894136856

More Books

Students also viewed these Accounting questions

Question

★★★★★

A human eye views small objects of different colors, and the eye's resolution is measured. (a) The eye sees the finest details for objects of which color: (1) red, (2) yellow, (3) blue, or (4) any...

Answered: 1 week ago

Question

★★★★★

Our firm has just issued preferred stock called 1 0 1 0 preferred. The stock will pay a $ 1 0 dividend per year, but the first dividend will not be paid for 1 0 years. If you require a 9 % return on...

Answered: 1 week ago

Question

★★★★★

=+3. Using the information you learned in this chapter, explain the relationship between low serotonin and the sleep disturbances characteristic of depression.

Answered: 1 week ago

Question

★★★★★

Auditor Magann was auditing the authorization control over cash disbursements. She selected cash disbursement entries made throughout the year and vouched them to paid invoices and cancelled cheques...

Answered: 1 week ago

Question

★★★★★

Florida Incorporated has sales revenue of $750,000 resulting in net operating income of $75,400. Average invested assets total $377,000 and the cost of capital is 15%. What is the return on...

Answered: 1 week ago

Question

★★★★★

Parson Company acquired an 8 0 percent interest in Syber Company on January 1 , 2 0 2 3 . Any portion of Syber's business fair value in excess of its corresponding book value was assigned to...

Answered: 1 week ago

Question

★★★★★

Harold Lau will deposit enough money today so that his account will contain $20,000 in 10 years. The account will pay interest at 8% compounded semiannually. Compute the interest (in dollars) that...

Answered: 1 week ago

Question

★★★★★

Module 2: Exemplary Level (2 marks) 8) A swimmer wants to end up at a dock due north of her starting point on the south side. In still water her maximum speed is 1.25 m/s. The river has a current...

Answered: 1 week ago

Question

★★★★★

Excel File Edit View Insert Format Tools Data Window Help 11 8 ) 75% Tue 10:23 AM QE AutoSave OFF A F ? C ... SMS310 Test 2 - Student File Final Home Insert Draw Page Layout Formulas Data Review View...

Answered: 1 week ago

Question

★★★★★

A developer filed a breach of contract action against a general contractor in federal district court. If the contract was breached, the general contractor believes the fault was that of the framing...

Answered: 1 week ago

Question

★★★★★

What would be the approximate current flow in a 120 volt circuit with a 400 watt toaster and an 800 watt microwave oven attached

Answered: 1 week ago

Question

★★★★★

b. Where did they come from?

Answered: 1 week ago

Question

★★★★★

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

★★★★★

5. How do economic situations affect intergroup relations?

Answered: 1 week ago

Previous Question Next Question