Question
Two investment centers at Marshman Corporation have the following current-year income and asset data: Investment Center A Investment Center B Investment center income $ 415,000
Two investment centers at Marshman Corporation have the following current-year income and asset data:
| Investment Center A | Investment Center B | |||||
| Investment center income | $ | 415,000 | $ | 525,000 | ||
| Investment center average invested assets | $ | 2,400,000 | $ | 1,950,000 | ||
The return on investment (ROI) for Investment Center A is:
Multiple Choice
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578.3%
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24.1%
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17.3%
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39.2%
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19.1%
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
17th Edition
1119613698, 978-1119613695
