Anguiano Inc.reported the following results from last year's operations:
The company's average operating assets were $5,000,000.
Last year's return on investment (ROI)was closest to:

Name: Anguiano Inc.reported the following results from last year's operations: The company's average operating assets were $5,000,000. Last year's return on investment (ROI)was closest to:
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Question

Anguiano Inc.reported the following results from last year's operations:
 The company's average operating assets were $5,000,000.
Last year's return on investment (ROI)was closest to:

Quizplus · Accepted Answer

ROI = Net operating income ÷ Average operating assets = $735,000 ÷ $5,000,000 = 14.7%