Question
17. The Parry Company provided the following information regarding its operations: 2017 Total assets $ 50,000,000...
17.
The Parry Company provided the following information regarding its operations:
| 2017 | Total assets | $ | 50,000,000 | |
| 2018 | Total assets | $ | 55,000,000 | |
| 2017 | Net operating income | $ | 875,000 | |
| 2018 | Net operating income | $ | 925,000 | |
| 2017 | Net sales | $ | 2,525,000 | |
| 2018 | Net sales | $ | 3,100,000 | |
What is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places.)
Group of answer choices
1.50%
1.76%
2.72%
1.82%
Homework Answers
Answer #1
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