Sales $1,561,836 Operating Income $87,385 Total Assets (investment) $517,201 Target Rate of Return (Cost of Capital) 15% What is return on investment? Input your answer to 1 decimal place. For example if you calculate .1892 enter 18.9.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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Sales
$1,561,836
Operating Income
$87,385
Total Assets (investment)
$517,201
Target Rate of Return (Cost of
Capital)
15%
What is return on investment? Input your answer to 1 decimal place. For
example if you calculate .1892 enter 18.9.
Transcribed Image Text:Sales $1,561,836 Operating Income $87,385 Total Assets (investment) $517,201 Target Rate of Return (Cost of Capital) 15% What is return on investment? Input your answer to 1 decimal place. For example if you calculate .1892 enter 18.9.
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