Nasser Inc.reported the following results from last year's operations:
Last year's return on investment (ROI)was closest to:
A) 9.0%
B) 47.6%
C) 18.9%
D) 80.7%

Name: Nasser Inc.reported the following results from last year's operations: Last year's return on investment (ROI)was closest to: A) 9.0% B) 47.6% C) 18.9% D) 80.7%
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Question

Nasser Inc.reported the following results from last year's operations:
 Last year's return on investment (ROI)was closest to:
A) 9.0% 
B) 47.6% 
C) 18.9% 
D) 80.7%

Quizplus · Accepted Answer

ROI = Net operating income ÷ Average operating assets = $1,134,000 ÷ $6,000,000 = 18.9%