LaLa Company has income from operations of $23,280, invested assets of $97,000, and sales of $388,000. What is the return on investment (ROI) for this company? Group of answer choices 24% 25% 100% none of these

LaLa Company has income from operations of $23,280, invested assets of $97,000, and sales of $388,000. What is the return on investment (ROI) for this company? Group of answer choices 24% 25% 100% none of these

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...

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LaLa Company has income from operations of $23,280, invested assets of $97,000, and sales of $388,000. What is the return on investment (ROI) for this company?

Group of answer choices

24%

25%

100%

none of these

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