Essay
An investment center of Lannigan Company reported operating income of $330,000 on total operating assets of $2,600,000 during the current year.The company has established a target ROI of 13% for the investment center.Last year,the investment center's ROI was 12.2%.
Required:
Calculate the return on investment for the investment center for the current year.Compare its performance with both the performance from the previous year and the target ROI.
Correct Answer:
Verified
Return on investment = $330,00...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q56: Which of the following statements regarding cost
Q57: Which of the following statements about residual
Q58: In a responsibility report,a cost center's actual
Q59: Which of the following statements is incorrect?<br>A)
Q60: Which of the following statements regarding responsibility
Q62: In responsibility accounting systems,managers never are held
Q63: Estes Company has two operating divisions,A
Q64: Indicate whether each of the following statements
Q65: The Cineplex Movie Theater has invested in
Q66: When a market-based transfer price is not