SOLUTION: Can someone please help me with this problem:
A company reported the following information for 2007:
Sales = $787,000
Average Operating Assets = $375,000
Desired ROI = 12%
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Question 174430: Can someone please help me with this problem:
A company reported the following information for 2007:
Sales = $787,000
Average Operating Assets = $375,000
Desired ROI = 12%
Residual Income = $11,250
The company's operating income for 2007 was?
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
the answer would be c.
:
ROI=net operating income/avg operating assets
:
.12=x/375000
:
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