Multiple Choice
Average operating assets are $110,000 and net operating income is $23,100.The company invests $25,000 in new assets for a project that will increase net operating income by $4,750.What is the return on investment (ROI) of the new project?
A) 21%
B) 19%
C) 18.5%
D) 20%
Correct Answer:
Verified
Correct Answer:
Verified
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