Solution-What was chacons return on investment

What was chacons return on investment

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1. Chacon Enterprises manufactures energy-efficient glass for commercial and residential use. Last year Chacon reported sales of $10 million, profits of $2 million, and an asset turnover of 2. What was Chacon's return on investment (ROI)?

2. Cano Inc. sells retail apparel. You have been asked to compute ROI using average assets for last quarter. Profits were $50,000, beginning-of-quarter assets were $150,000, and end-of-quarter assets were $190,000. What was the ROI?

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What was chacons return on investment : Last year Chacon reported sales of $10 million, profits of $2 million, and an asset turnover of 2. What was Chacon's return on investment (ROI)?

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What was chacons return on investment

Reference no: EM13875310

Reference no: EM13875310

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