Question

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,560,000 Net operating income $1,071,160 Average operating assets $4,300,000 The division's return on investment (ROI) is closest to

Answer 1

24.91%

Step-by-step explanation:

The formula for return on investment is given as;

Net operating income / Average operating assets

= $1,071,160 / $4,300,000

= 24.91%

Therefore, return on investment is 24.91%.