10. Calculate the ROI for the following: Roofing has operating income for the current year...

60.1K

Verified Solution

Question

Accounting

image
10. Calculate the ROI for the following: Roofing has operating income for the current year of $500,000. The December 31 the balance sheet was $400,000 in cash, $600,000 in accounts receivable, $1,000,000 in inventory, and $3,000,000 in net fixed assets. Income after taxes was $350,000. Calculate the answer to the nearest whole number percentage (but omit the percent sign)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students