Question
The data for an investment center is as follows: January 1, 2022 December 31, 2022 Current Assets $ 424,000 $ 824,000 Plant Assets 3,024,000 3,824,000
The data for an investment center is as follows:
| January 1, 2022 | December 31, 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | $ | 424,000 | $ | 824,000 | |||||||
| Plant Assets | 3,024,000 | 3,824,000 | |||||||||
The controllable margin is $627,440. Compute the return on investment for the center for 2022. (Round answer to 1 decimal place, e.g. 52.7.)
| Return on Investment | enter the return on investment in percentages rounded to 1 decimal place % |
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Ethical Obligations And Decision Making In Accounting Text And Cases
Authors: Steven Mintz, Roselyn Morris
2nd Edition
0078025281, 9780078025280
