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Home Q & A Board Other Fields Homework Help Business Accounting
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remy2012 remy2012
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10 months ago
ABC Corporation's North Division generates operating income of $100,000 on $900,000 in sales. The company had $400,000 in assets at the beginning of the year and $450,000 at the end of the year. What is the company's return on investment for the year?

▸ 42.5%

▸ 100%

▸ 23.5%

▸ 11.1%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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voltayrevoltayre
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10 months ago
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23.5%

$100,000 ÷ [($400,000 + $450,000) ÷ 2] = 23.5%
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remy2012 Author
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10 months ago
Brilliant ツ
Zacellison
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Yesterday
Thanks for your help!!
AlahuKakpar
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2 hours ago
Just got PERFECT on my quiz
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