Asked by Aracely Perez on Jun 07, 2024
Verified
Turk's return on investment for the year was:
A) 4%
B) 15%
C) 36%
D) 20%
Return On Investment
A metric utilized to assess an investment's efficiency or profit in comparison to its expenditure.
- Learn to determine and assess the significance of Return on Investment (ROI).
Verified Answer
MH
Milan HernándezJun 07, 2024
Final Answer :
D
Explanation :
ROI = Net operating income ÷ Average operating assets
= $36,000 ÷ $180,000 = 20%
= $36,000 ÷ $180,000 = 20%
Learning Objectives
- Learn to determine and assess the significance of Return on Investment (ROI).