The headquarters of a national restaurant chain is trying to better understand the profitability of the Savannah location. Savannah’s total assets are $365,250
| The headquarters of a national restaurant chain is trying to better understand the profitability of the Savannah location. Savannah’s total assets are $365,250, consisting of $175,000 land, $115,000 buildings and equipment, and $45,000 intangibles. The net profit is $23,000, and the required rate of return is 10.0%. Savannah’s return on investment (ROI) is: | |||||
| Answer: | |||||
| (round to nearest tenth of a percentage point) | |||||
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
