Determine the October 20xx ROI (rounded to two decimal places)for an investment center with the following information: $\begin{array}{lr}
\text { Assets at September } 30,20 \mathrm{xx} & \$ 20,000,000 \
\text { Assets at October 31, 20xx } & 22,000,000 \
\text { Assets at October 15, 20xx } & 18,595,000
\end{array}$
Operating income for the month ended October 31, 20xx $5,000,0000$
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: $\begin{array}{lr}
\text { Assets at September } 30,20 \mathrm{xx} & \$ 20,000,000 \
\text { Assets at October 31, 20xx } & 22,000,000 \
\text { Assets at October 15, 20xx } & 18,595,000
\end{array}$ 
Operating income for the month ended October 31, 20xx $5,000,0000$
 Operating income for the month ended October 31,20xx 5,000,000.0

Quizplus · Accepted Answer

To calculate the ROI, we need to divide the operating income by the average operating assets. As we don't have the average operating assets in the question, we cannot compute the exact ROI. However, we can use the formula to eliminate outliers. 
ROI = Operating Income / Average Operating Assets
Since we don't have the average value of assets, we can assume that they are constant throughout the year. So, we can use the formula:
ROI = Operating Income / Total Operating Assets
Let's assume that the total operating assets are $20,000,000. Therefore,
ROI = 5,000,000 / 20,000,000 = 0.238 or 23.8%

So, the correct answer is C, 23.8%.

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