The Lastrom company provided the following information regarding its operations: What is Lastrom's ROI for the year ending 2012?
Refer To: 25-50
A) 2.48%.
B) 2.72%.
C) 2.40%.
D) 2.50%.

Question

Quizplus · Accepted Answer

Lastrom's ROI for the year ending 2012 is 2.48%. This is calculated by dividing the net income of $124,000 by the average total assets of $5,000,000.

The Lastrom Company Provided the Following Information Regarding Its Operations