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The Lastrom Company provided the following information regarding its operations: 2017Total assets$75,000,0002018Total assets$80,000,0002017Net operating income$1,875,0002018Net operating income$1,925,0002017Net sales$4,525,0002018Net sales$5,100,000 What is Lastrom's ROI for the
The Lastrom Company provided the following information regarding its operations:
2017Total assets$75,000,0002018Total assets$80,000,0002017Net operating income$1,875,0002018Net operating income$1,925,0002017Net sales$4,525,0002018Net sales$5,100,000
What is Lastrom's ROI for the year ending 2018?
Multiple Choice
- 2.40%
- 2.48%
- 2.72%
- 2.50%
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