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plz, help ASAP. I will give you a thumbs up. An investment center of Lannigan Company reported operating income of $395,000 on total operating assets
plz, help ASAP. I will give you a thumbs up.
An investment center of Lannigan Company reported operating income of $395,000 on total operating assets of $2,730,000 during the current year. The company has established a target ROI of 19.50% for the investment center. Last year, the investment center's ROI was 13.50%. Required: a. Calculate the return on investment for the investment center for the current year. Note: Round your answer to 1 decimal place. b. Compare its performance with both the performance from the previous year and the target ROI a Return on investment b. The division its own performance from the previous year and of the target ROI established by company management.
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