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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068 Exercise 50
Return on investment (ROI) can be described or computed in each of the following ways except
a. Amount invested/Amount of return = ROI.
b. Net income/Average total assets = ROI.
c. (Net income/Sales) × (Sales/Average total assets) = ROI.
d. Margin × Turnover = ROI.
Explanation
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The return on investment or ROI is compu ...
Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
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