SOLUTION: Can someone please help me with this problem:
A company reported the following information for 2007:
Sales = $800,000
Average Operating Assets = $500,000
Margin = 8%
The c
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Question 174432: Can someone please help me with this problem:
A company reported the following information for 2007:
Sales = $800,000
Average Operating Assets = $500,000
Margin = 8%
The company's return on investment for 2007 was: (percent)
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
The operating assets are the investment.
800000*.08=64,000
64000/500000=.128=12.8%
.
Ed
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