Compute the average assets invested for the Hi Ho investment center as shown below. $\begin{array}{lr}
& \text { Hi Ho Subsidiary } \
\text { Total sales } & \$ 20,000 \
\text { Operating income } & \$ 5,000 \
\text { Beginning assets invested } & \$ 14,000 \
\text { Ending assets invested } & \$ 14,600 \
\text { Average assets invested } & \$ ? \
\text { Desired ROI } & 25 \% \
\text { Residual income } & \$ ?
\end{array}$

Question

Compute the average assets invested for the Hi Ho investment center as shown below. $\begin{array}{lr}
 & \text { Hi Ho Subsidiary } \
\text { Total sales } & \$ 20,000 \
\text { Operating income } & \$ 5,000 \
\text { Beginning assets invested } & \$ 14,000 \
\text { Ending assets invested } & \$ 14,600 \
\text { Average assets invested } & \$ ? \
\text { Desired ROI } & 25 \% \
\text { Residual income } & \$ ?
\end{array}$

Quizplus · Accepted Answer

The Answer of Compute the average assets invested for the Hi Ho investment center as shown below. $\begin{array}{lr}
 & \text { Hi Ho Subsidiary } \
\text { Total sales } & \$ 20,000 \
\text { Operating income } & \$ 5,000 \
\text { Beginning assets invested } & \$ 14,000 \
\text { Ending assets invested } & \$ 14,600 \
\text { Average assets invested } & \$ ? \
\text { Desired ROI } & 25 \% \
\text { Residual income } & \$ ?
\end{array}$

Compute the Average Assets Invested for the Hi Ho Investment