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Neko [114]
3 years ago
6

Joseph Company has an investment in assets of $1,224,000, operating income that is 10% of sales, and an ROI of 18%. From this in

formation the amount of operating income would be:
Business
1 answer:
Nataly_w [17]3 years ago
7 0

Answer:

Operating income = $220,320

Explanation:

Operating income is the difference between revenue and operating cost.

ROI is the operating income expressed as a percentage  of investment in assets.

ROI = operating income/investment

let operating income = y, investment in assets = $1,224,000

18% = y/1,224,000

y= 18%× 1,224,000 = 220320

Operating income = $220,320

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