Last year a company had sales of companys net operating inco
Last year a company had sales of company\'s net operating income for the year was: $410,000, a turnover of 21, and a return on investment of 29.4%. The $63.140 O $195,238 $120.54 O $57,400
Solution
Operating assets = Sales/Turnover = 410000/2.1= $195238 Net operating income = Operating assets*ROI = 195238*29.4%= $57400 Option 4 is correct