For 2012, an Investment Center of Lawson Company Reported Operating

Essay

For 2012, an investment center of Lawson Company reported operating income of $420,000 on total operating assets of $2,600,000. The company has established a target ROI of 14% for the investment center. Last year, the investment center's ROI was 11.9%.
Required:
Calculate the 2012 return on investment for the investment center. Compare its performance for 2012 with both the performance from the previous year and the target ROI.