The Power Co. financial statements for the year ended December 31, 2013, show: Net operating income...
The Power Co. financial statements for the year ended December 31, 2013, show:
|
Net operating income |
$ 900,000 |
|
Net income |
400,000 |
|
Net sales |
3,000,000 |
|
Total assets |
9,000,000 |
|
Operating assets |
7,200,000 |
The rate of return on operating assets is:
Group of answer choices
5.56%.
4.44%.
10%.
12.5%.
Homework Answers
Return on Operating Income = Net Operating Income / Operating Assets 900000 7200000 12.5 %
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The Power Co. financial statements for the year ended December
31, 2013, show:
Net operating income...
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