Question
Q16 A business has operating income of $348763, revenue of $2610516 and total assets of $2495256. The current return on investment (ROI) of the business
Q16
A business has operating income of $348763, revenue of $2610516 and total assets of $2495256. The current return on investment (ROI) of the business is below their expectation. To increase the ROI to 20%, the business needs to achieve an investment turnover of ____________. (Present the final answer as a 2-decimal place number, NOT as a percentage.)
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
