Calculating operating income

xlynnnguyenx

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7 years ago

Raymond Corporation has an ROI of 32%, total assets of $6,400,000, and current liabilities of $820,000. What is Raymond Corporation's operating income?

A. $2,048,000
B. 2,562,500
C. $20,000,000
D. $1,785,600

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cloveb

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Valued Member

7 years ago

A. $2,048,000
B. 2,562,500
C. $20,000,000
D. $1,785,600

Solution: Operating Income = Total Assets x Return on Investment
Operating Income = $6,400,000 x (32/100)
Operating Income = $2,048,000

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