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23 November, 03:28

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,810,000 Net operating income $765,830 Average operating assets $5,100,000 The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.)

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  1. 23 November, 05:20
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    The division's return on investment (ROI) is closest to 15.02%

    Explanation:

    Return on investment (ROI) is calculated by using following formula:

    ROI = Net income/Total investment

    In Aide Industries is a division of a major corporation, total investment equal Average operating assets.

    The division has Net operating income of $765,830 and Average operating assets of $5,100,000

    ROI = $765,830/$5,100,000 = 15.02%
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Home » Business » Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,810,000 Net operating income $765,830 Average operating assets $5,100,000 The division's return on investment (ROI) is closest to:
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