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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What are the three benefits of ROI? Explain how each benefit can lead to improved profitability.

To determine

Describe three benefits of ROI. Also, describe the benefits that can lead to improved profitability.

Explanation

Return on Investment (ROI):

Return on investment can be defined as the amount of profit earned by the company on per dollar of investment. It can be computed by dividing operating income by the average operating assets.

The three benefits of ROI are as follows:

  • • ROI encourages the managers to provide emphasis on the relationship among expenses, sales, and investment...

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