Determine the October 20xx ROI (rounded to two decimal places)for an investment center with the following information: $\begin{array}{lr}
\text { Assets at September } 30,20 \mathrm{xx} & \$ 20,000,000 \
\text { Assets at October } 31,20 \mathrm{xx} & 22,000,000 \
\text { Assets at October } 15,20 \mathrm{xx} & 18,595,000
\end{array}$

$\text { Operating income for the month ended October } 31,20 \mathrm{xx} \quad 5,000,000.0$ Operating income for the month ended October 31,20xx 5,000,000.0

Question

Determine the October 20xx ROI (rounded to two decimal places)for an investment center with the following information: $\begin{array}{lr}
\text { Assets at September } 30,20 \mathrm{xx} & \$ 20,000,000 \
\text { Assets at October } 31,20 \mathrm{xx} & 22,000,000 \
\text { Assets at October } 15,20 \mathrm{xx} & 18,595,000
\end{array}$

$\text { Operating income for the month ended October } 31,20 \mathrm{xx} \quad 5,000,000.0$ Operating income for the month ended October 31,20xx 5,000,000.0

Quizplus · Accepted Answer

To calculate ROI, we need to divide the operating income by the average invested capital. Without information about the invested capital, we cannot calculate ROI.

Determine the October 20xx ROI (Rounded to Two Decimal Places)for