Answer:
Osaka ROI is 28%
Yokohama ROI is 18%
Explanation:
The formula for return on investment =net income/average operating assets*100
For Osaka division:
net income is $749,000
average operating assets is $2,675,000
return on investment=$749,000/$2,675,000*100
=28%
For Yokohama
net income is $3,330,000
average operating assets is $18,500,000
return on investment=$3,330,000/$18,500,000
=18%
Even though Yokohama has a higher net operating income ,the Osaka division recorded a better performance using ROI as a performance metric,which shows profit computation is an absolute figure which does not consider the amount of resources invested in order to earn the profit
The financial statement that report the financial position of a business over a period of time is the balance sheet.
<h3>What is a balance sheet?</h3>
At the end of each accounting period, a balance sheet—a financial statement—is produced. It computes the financial condition at a particular time by listing all the assets and liabilities. The difference between total assets and total liabilities is known as equity.
The balance sheet of a corporation, commonly referred to as the statement of financial position, provides information on the company's book value. The three sections of the balance sheet consist of the corporation's assets, liabilities, and shareholder's equity as of a specific date.
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which of the following financial statements report(s) the financial position of a business over a period of time? (check all that apply.)
Balance sheet
Profit and loss account
Asset
Debt
Answer:
1) to do all the chores
2) to understand and stop family fights
3) to take care of a sick family member
Answer:
a transport business uses (preferably semi's) any vehicles to transport one item from one place to another. a drink business is a place/product ( drinks (soft or alcoholic) and you sell them to make a profit
transport business is both cheaper and easy to set up and run.
