Rustic Corporation has an ROI of 21%, total assets of$6,200,000, and current liabilities of $850,000. What is Rustic Corporation's operating income?
A)$1,123,500
B)$4,047,619
C)$29,523,810
D)$1,302,000

Question

Quizplus · Accepted Answer

ROI (Return on Investment) = Operating Income / Total Assets
21% = Operating Income / $6,200,000
Operating Income = 21% * $6,200,000
Operating Income = $1,302,000

Rustic Corporation Has an ROI of 21%, Total Assets Of$6,200,000