FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Urgent The following information is available for our company for the current year: operating income, $45,000; average total assets, $400,000; net sales, $900,000; and required

Urgent image text in transcribed
The following information is available for our company for the current year: operating income, $45,000; average total assets, $400,000; net sales, $900,000; and required rate of return, 12%. Calculate the return on investment (ROI) rounded to two decimal places. 4.44% 5.00% 8.89% 11.25%

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_2

Step: 3

blur-text-image_step3

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

CIA Part 3 Business Knowledge For Internal Auditing 2021

CIA Part 3 Business Knowledge For Internal Auditing 2021

Authors: MUHAMMAD ZAIN

1st Edition

ISBN: B09B23JKZ8, 979-8739475527

More Books

Students also viewed these Accounting questions

Question

★★★★★
Diane Dennison is a financial analyst working for a large chain of discount retail stores. Her company is looking at the possibility of replacing the existing fluorescent lights in all of its stores...

Answered: 1 week ago

Question

★★★★★
Periodic inventory using FIFO, LIFO, and weighted average cost methods OBJ. 4 The units of an item available for sale during the year were as follows: Jan. 1 Inventory 20 units at $360 $ 7,200 Aug....

Answered: 1 week ago

Question

★★★★★
During adolescence, a female in the United States is about three times as likely as a female in Canada to become pregnant. True or False

Answered: 1 week ago

Question

★★★★★
King County, Washington, hired Frank Coluccio Construction Co. (FCCC) to act as general contractor for a public works project involving the construction of a small utility tunnel under the Duwamish...

Answered: 1 week ago

Question

★★★★★
In January 2009, the Status Quo Company was formed. Total assets were $544,000, of which $360,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $36,000 per...

Answered: 1 week ago

Question

★★★★★
How many crimes make up the UCR Part I index offenses? Four Five Six Seven

Answered: 1 week ago

Question

★★★★★
Pick a retailer you regularly shop from (Tom Thumb). Explain why this company is indeed a retailer. Comment on the variety (broad/limited) and assortment (deep/shallow) at that retailer. List all the...

Answered: 1 week ago

Question

★★★★★
Do performance management systems measure significant and meaningful employee behaviors? Why? Why not? How can you tell?

Answered: 1 week ago

Question

★★★★★
show detail calculations. FIN 3020 Case Studies - FALL 2021 Solve the following three questions: Show detail calculations Q#1: The waiting time for patients at a walk-in health clinic follows a...

Answered: 1 week ago

Question

★★★★★
Case for ethical analysis: You are on a team that has been providing care, including annual wellness exams for Ms. Angel, a 25-year-old female, for the past two years. When she was establishing care...

Answered: 1 week ago

Question

★★★★★
1)) Birchwood Lanes School will maintain personal records for all students and teachers, as well as course curricula. A new database management system can organize the data of all entities. The...

Answered: 1 week ago

Question

★★★★★
Consider the redundancy scheme set out in Table 4.6. Make a list of the diffi culties that could be raised by employees, the problems that could be faced in practice and how you would sell the scheme...

Answered: 1 week ago

Question

★★★★★
Automatic telephone screening (case study 3.1) helps to reduce the exclusion of those over 50. Has it any other advantages for minority groups?

Answered: 1 week ago

Question

★★★★★
How objective is an interview? What makes is more objective? What makes it less objective? Should it be regarded as the fi rst part of a programme to socialise an applicant into the organisation? Or...

Answered: 1 week ago

Previous QuestionNext Question