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12 June, 13:45

Calculator Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning operating assets 410,000 Ending operating assets 440,000 Which of the following is Atlas's return on investment (ROI) for last year? (Note: Round answer to two decimal places.)

a. 0.50

b. 0.22

c. 0.15

d. 0.32

e. 0.41

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Answers (1)
  1. 12 June, 16:21
    0
    b. 0.22

    Explanation:

    Return on investment (ROI) = Operating income / Beginning Operating Asset = $ 92,000 / $440,000 = 0.22
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