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?
