Residual Income $23000 Operating income 45,337 Cost of Capital 12% What is return on investment? Don't round any intermediate calculations. Enter your answer to one decimal place. Do not use commas, percentage or dollar signs.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.2.3MBA
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Residual Income $23000
Operating income 45,337
Cost of Capital
12%
What is return on investment?
Don't round any intermediate calculations. Enter your answer to one decimal place. Do not use commas,
percentage or dollar signs.
Transcribed Image Text:Residual Income $23000 Operating income 45,337 Cost of Capital 12% What is return on investment? Don't round any intermediate calculations. Enter your answer to one decimal place. Do not use commas, percentage or dollar signs.
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