Question: 6. Vested, Inc. made some changes in operations and provided the following information: Operating assets were the same for the year ended year 1 as
6. Vested, Inc. made some changes in operations and provided the following information: Operating assets were the same for the year ended year 1 as for year ended year 2. Year 2 Year 3 Operating revenues $ 900,000 $1,100,000 Operating expenses 650,000 700,000 Operating assets 1,200,000 2,000,000 What percentage represents the return on investment for year 2? a. Approximately 21% b. Approximately 25% c. Approximately 12.5% d. None of the above
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