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New Age Designs located in Indianapolis, Indiana reported the following financial data. Sales $18,210,000 Net operating income $637,350 Average operating assets $4,250,000 New Age Design's
| New Age Designs located in Indianapolis, Indiana reported the following financial data. |
| Sales | $18,210,000 |
| Net operating income | $637,350 |
| Average operating assets | $4,250,000 |
| New Age Design's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.) |
.50%
15.00%
11.15%
3.50%
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
