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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Selected data from an investment center of IROL, INC. follow:
Sales $8,000,000
Net book value of assets, beginning 2,500,000 Net book value of assets, end 2,600,000 Net operating income 640,000
Minimum rate of return 12%
Required
Calculate return on sales (ROS), asset turnover (AT), and return on investment (ROI).
Calculate residual income.
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