Question: Exercise 9-9 Return on investment analysis 4 A growing chain is trying to decide which store location to open. The West location requires a $1,000,000
Exercise 9-9 Return on investment analysis 4 A growing chain is trying to decide which store location to open. The West location requires a $1,000,000 investment in average assets and is expected to yield annual income of $160,000. The East location requires a $600,000 investment in average assets and is expeeted to yield annual income of $108,000. (1) Compute the expected return on investment for each location. (2) Using return on investment, which location (West or East) should the company open
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