Question: When using return on investment (ROI) as a performance measure: the average operating assets that produced the income are included in the calculation. the average

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

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

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

ROI equals operating income divided by sales.

ROI equals average operating assets divided by operating income.

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