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elenaj
May 4, 2008, 06:01 PM
Lucky Duck, Inc. had sales of $550,000 and net operating income of $275,000.

Beginning of the year operating assets were $125,000 and end of the year

operating assets were $175,000. What asset figure is used to compute the return

on investment?

A. $125,000 C. $175,000

B. $150,000 D. $200,000

I got 150,000, because it is average of( 125000+175000)/2=150.000 Correct?
morgaine300
May 5, 2008, 10:20 PM
Correct.