SOLUTION: Can someone please help with this problem:
A company reported teh following information for 2007:
Sales = $787,000
Average Operating Assets = $375,000
Desired ROI = 12%
Resi
Algebra.Com
Question 174524: Can someone please help with this problem:
A company reported teh following information for 2007:
Sales = $787,000
Average Operating Assets = $375,000
Desired ROI = 12%
Residual Income = $11,250
The company's operatin income for 2007 was:
a. $94,440
b. $33,750
c. $45,000
d. $56,250
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
:
RELATED QUESTIONS
Can someone please help me with this problem:
A company reported the following... (answered by edjones)
Can someone please help me with this problem:
A company reported the following... (answered by Mathtut)
Hello,
Can you please help me with this problem.
ACME Company purchased equipment... (answered by Jazney)
I need your help with the following problem :
Sales of a new line of athletic... (answered by Boreal)
Can someone please, please help me with this problem:
Barkley Company has a... (answered by Mathtut)
Can someone please, please help me with this problem:
Kellog Company sells a product... (answered by Mathtut)
Can someone please help me with this problem I have tried itand I just don't get the... (answered by checkley71)
Can someone please help me with this problem:
A company sells a product at $60 per... (answered by gonzo)
Can someone please help me with this:
Lighthouse Tours provide seven-day guided tours... (answered by gonzo)