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The Parry Company provided the following information regarding its operations:
2017Total assets$5,700,000
2018Total assets$6,200,000
2017Net operating income$88,200
2018Net operating income$93,200
2017Net sales$2,875,000
2018Net sales$3,450,000
Problem 1: What is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places.)
Multiple Choice
Option 1: 2.95%Option 2: 2.79%Option 3: 1.57%Option 4: 1.48%
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