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padilas [110]
3 years ago
11

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,810,000 Net

operating income $765,830 Average operating assets $5,100,000 The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.)
Business
1 answer:
JulsSmile [24]3 years ago
6 0

Answer:

The division's return on investment (ROI) is closest to 15.02%

Explanation:

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

In Aide Industries is a division of a major corporation, total investment  equal Average operating assets.

The division has Net operating income of $765,830 and  Average operating assets of $5,100,000

ROI = $765,830/$5,100,000 = 15.02%

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Answer:

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Elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.

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