Required Compute the return on investment. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Exercise 15-12A (Algo) Return on investment LO 15-6
An investment center of Vernon Corporation shows an operating income of $8,505 on total operating assets of $63,000.
Required
Compute the return on investment. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).)
Return on investment
%
Transcribed Image Text:Exercise 15-12A (Algo) Return on investment LO 15-6 An investment center of Vernon Corporation shows an operating income of $8,505 on total operating assets of $63,000. Required Compute the return on investment. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Return on investment %
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