Question
Asked Nov 27, 2019
45 views
$1,449,185
Sales
$130,380
Operating Income
Total Assets (investment)
$544,102
Target Rate of Return (Cost of
15%
Capital)
What is return on investment? Input your answer to 1 decimal place. For example if you
calculate.1892 enter 18.9.
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$1,449,185 Sales $130,380 Operating Income Total Assets (investment) $544,102 Target Rate of Return (Cost of 15% Capital) What is return on investment? Input your answer to 1 decimal place. For example if you calculate.1892 enter 18.9.

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Expert Answer

Step 1

Return on investment:

Return on investment is a measure of profitability. It evaluates the efficiency of the investment.

Step 2

Calculate the return ...

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Particulars Amount in $ Operating income 130,380 Divide: Total asset (Investment) 544,102 0.2396 x100 Return on investment 24

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