Increase in operating income = 60%
= 144,000 x 60%
= $86,400
Hence, Operating income will be = 144,000+86,400
= $230,400
Return on investment = Net operating income / Average operating assets
= 230,400/800,000
= 28.8%
Return on Investment ( ROI) | 28.8% |
Kindly comment if you need further assistance. Thanks‼!
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