Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The return on investment is computed as: Sales divided by average operating assets Operating income divided by average operating assets Operating income divided by sales

The return on investment is computed as:

Sales divided by average operating assets

Operating income divided by average operating assets

Operating income divided by sales

Operating asset turnover divided by the operating income margin

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Certificate Of Cloud Auditing Knowledge Study Guide

Authors: Isaca

1st Edition

1604208619, 978-1604208610

More Books

Students also viewed these Accounting questions

Question

Why do firms use target costing? How are target costs established?

Answered: 1 week ago