Bardot Company reported operating income of $16,400. Assets at the beginning of the year totaled $440,000. Assets at the end of the year totaled $450,000. How much is the ROI?
A) 4.2%
B) 3.9%
C) 2.7%
D) 3.7%

Name: Bardot Company reported operating income of $16,400. Assets at the beginning of the year totaled $440,000. Assets at the end of the year totaled $450,000. How much is the ROI? A) 4.2% B) 3.9% C) 2.7% D) 3.7%
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Question

Quizplus · Accepted Answer

D) Calculations:
($440,000 + $450,000)/2 = $445,000
$16,400/$445,000 = 3.7%

Bardot Company Reported Operating Income of $16,400