An investment center of Lannigan Company reported operating income of $330,000 on total operating assets of $2,600,000 during the current year.The company has established a target ROI of 13% for the investment center.Last year,the investment center's ROI was 12.2%.
Required:
Calculate the return on investment for the investment center for the current year.Compare its performance with both the performance from the previous year and the target ROI.

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The Answer of An investment center of Lannigan Company reported operating income of $330,000 on total operating assets of $2,600,000 during the current year.The company has established a target ROI of 13% for the investment center.Last year,the investment center's ROI was 12.2%.
Required:
Calculate the return on investment for the investment center for the current year.Compare its performance with both the performance from the previous year and the target ROI.

An Investment Center of Lannigan Company Reported Operating Income of $330,000