Question
I can't figure out the corrected data background: During the first month of its current fiscal year, Green Co. incurred repair costs of $18,000 on
I can't figure out the corrected data background: During the first month of its current fiscal year, Green Co. incurred repair costs of $18,000 on a machine that had 3 years of remaining depreciable life. The repair cost was inappropriately capitalized. Green Co. reported operating income of $151,000 for the current year. Assume that Green Co.'s total assets at the end of the prior year and at the end of the current year were $936,000 and $1,008,000, respectively. Calculate ROI (based on operating income) for the current year using the originally reported data and then using corrected data. (Round your answers to 1 decimal place.) figure out the corrected data
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