71. Which of the following represents the number of sales dollars generated by each dollar invested in assets?
A. Asset turnover
B. Average assets invested
C. Profit margin
D. Operating income
72. Other things remaining constant, which of the following will improve the return on investment?
A. Decreasing assets
B. Increasing sales
C. Decreasing costs
D. All of these choices
73. Determine the October 2014 ROI for an investment center with the following information:
Assets at September 30, 2014 $20,000,000
Assets at October 31, 2014 22,000,000
Assets at October 15, 2014 18,595,000
Operating income for the month ended October 31, 2014 5,200,000
Round percentage answer to two decimal places.
A. 26.8 percent
B. 22.8 percent
C. 24.8 percent
D. 28.8 percent
74. Determine the March 2014 residual income for an investment center with the following information:
Operating income for the month ended March 31, 2014 $5,180,000
Desired ROI 17%
Actual ROI 28%
Assets invested $18,200,000
A. $5,180,000
B. $3,094,000
C. $2,086,000
D. $8,806,000