Question
The firm has investment centers. The firm evaluates the performance of each investment center manager by using return on investment (ROI). ROI = Operating profit
The firm has investment centers. The firm evaluates the performance of each investment center manager by using return on investment (ROI). ROI = Operating profit / Operating assets. One investment center sold its machines to replace them with the new ones. As a result, it has gain on sale of tangible assets. Should this be included in operating profit? Why?
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Robo Auditing Using Artificial Intelligence To Optimize Corporate Finance Processes
Authors: Patrick J.D. Taylor, Manish Singh, Nathanael J. L'Heureux
1st Edition
1544511442, 978-1544511443
