Why are Old Men so Daggum Stubborn (OMDS) had the following information for the previous calendar year: Operating income: $66,880Invested assets: $167,200Sales: $836,000What is OMDS' return on investment? For percentages, please enter your answer as a decimal (i.e., 20% is 0.20). For dollar amounts, please provide your answer to two decimal places (i.e. $3.00 is 3.00)

RETURN ON INVESTMENT Return on investment is the Ratio between Net Operating Income & Average…

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Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 64P: Albion Inc. provided the following information for its most recent year of operations. The tax rate...

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Why are Old Men so Daggum Stubborn (OMDS) had the following information for the previous calendar year:

Operating income: $66,880
Invested assets: $167,200
Sales: $836,000

What is OMDS' return on investment? For percentages, please enter your answer as a decimal (i.e., 20% is 0.20). For dollar amounts, please provide your answer to two decimal places (i.e. $3.00 is 3.00)

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