Question: 5 points In 2 0 2 3 , Khan Systems had assets of $ 7 . 2 million, net profits of $ 8 6 0

5 points
In 2023, Khan Systems had assets of $7.2 million, net profits of $860,000, and a target return on investment (ROI) of 10%. This was the actual ROI: ROI =$860,000
$7,200,000. All except which of the following are true about Khan Systems?
ROI is not often compared with the industry average.
Khan Systems had an 11.9% ROI.
The ROI for Khan Systems exceeded its target.
Khan Systems prospered in 2023.
 5 points In 2023, Khan Systems had assets of $7.2 million,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!