An investment center of Lipscomb Corporation shows an operating income of $7,680 on total operating assets of

Question:

An investment center of Lipscomb shows an operating income of $7,680 on total operating assets of $32,000.
Required
Compute the return on investment.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...