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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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