Question: Question 20 When using return on investment (ROI) as a performance measure: a) ROI equals operating income divided by sales. b) the average operating assets

Question 20

When using return on investment (ROI) as a performance measure:

a) ROI equals operating income divided by sales.

b) the average operating assets that produced the income are excluded from the calculation.

c) the average operating assets that produced the income are included in the calculation.

d) ROI equals average operating assets divided by operating income.

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