A Layfield Corporation investment center shows an operating income of $78,000 and an investment in operating assets

Question:

A Layfield investment center shows an operating income of $78,000 and an investment in operating assets of $890,000.
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...