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Last year chacon reported sales of 10 million profits of 2

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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Finance Basics: Last year chacon reported sales of 10 million profits of 2

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