You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers.
Question:
You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is trying to decide which outlet of two alternatives to open.
The first location
(1) Requires a $1,000,000 investment and is expected to yield annual net income of $160,000.
The second location
(2) Requires a $ 600,000 investment and is expected to yield annual net income of $108,000. Compute the return on investment for each Fast & Great Burgers alternative and then make your recommendation in a one-half page memorandum to the regional manager. (The chain currently generates an 18% return on total assets.)
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1 Location Net Income Average Assets Return on Investment Assets Loca...View the full answer
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Related Book For 
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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